Broadway Bank is ready to help its customers affected by the government shutdown that began January 20. In response to the impasse that could affect hundreds of thousands of military members, government employees, and more, Broadway Bankers are developing solutions that ease the financial impact locally should the shutdown continue for some time.
Broadway Bank customers who receive a direct deposit from the federal government, which includes members of the military, will receive access to funds in the potential absence of upcoming paychecks. For non-direct deposit customers, the Bank will assist with deposit account fees and loan payment deferrals if needed, reducing the worry about negative consequences to credit scores. Additional options are available and will be applied as needed.
“While we can’t control what happens nationally, we can help with easing the burden locally. Each customer and situation is unique, so if the shutdown is creating a financial hardship, we can talk through it and work to find a solution,” said CEO David Bohne. He added, “We’re members of the community too, and we stand ready to help our neighbors.”
Should a resolution to the shutdown not be reached in the next week, affected customers are encouraged to begin reaching out to the Customer Service Center or visit a neighborhood financial center. Broadway Bankers stand ready to discuss solutions.