Local Bank Provides Loan Program For Federal Government Employees Affected By Shutdown

Local News

An estimated 800,000 federal workers will miss their paychecks due to the partial government shutdown.

Workers currently don’t have certainty since there is no end in sight. For many families, missing paychecks can be stressful. That’s why a KELOLAND Bank has made an announcement that may provide some relief.

First Dakota National Bank will provide a no fee loan program for credit qualified federal government employees affected by the shutdown. The financial institution has set aside a $5 million fund to provide relief to federal staff.

Through the Federal Employee Shutdown Relief Loan Program, borrowers can apply for loans of up to three months of their net pay. Applicants are not required to be existing customers of First Dakota to apply for the no-interest no-fee relief loan, and this loan program will remain available for 30 days after the federal government re-opens.

Published 12:49 p.m.

Have you been affected by the partial government shutdown?

If you have, we want to know how. You can reach out to us on social media or email us at ushare @keloland.com.

KELOLAND’s Brady Mallory will be reporting how the shutdown is impacting people in KELOLAND. Stay with KELOLAND News and KELOLAND.com throughout the day as we’ll have updates online and on social media.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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