During the extended partial shutdown of the federal government, local banks are doing what they can to help federal employees waiting for a paycheck.
Platte Valley Companies President and CEO Hod Kosman told KNEB News they are here to help the citizens of the great communities we live and serve in. Kosman said they are offering their customers who are federal employees impacted by the shutdown a zero interest and zero fee short term loan to carry them through the shutdown. Kosman said they did the same thing during the extended shutdown in 2013. He adds they are doing this at all of their markets in Nebraska, Wyoming and Colorado.
At Western States Bank, Market President Dan Carter said they are also doing what they can to help. Carter says they are accommodating customers as best they can by deferred payment or extending loans, or extending credit to those who are qualified. Carter said Western States Bank tries to work with all of their customers in various ways to help them get through troubled times.
First State Bank and First National Bank – North Platte also have programs to assist those federal employees impacted by the situation In a statement, FSB representatives say they’ve offered an interest free loan product to their customers with short term cash flow needs and are happy to use this same product in this instance. At First National, officials say their program to help those struggling from the shutdown includes a 0% APR loan with no payments due for 3 months, along with other relief options.
Wyoming-based Meridian Trust, which has a branch in Scottsbluff, also offers options for those affected, including 0% loans, assistance to members in paying their home heating bills and the waiving of early withdrawal fees on CDs.
Among the Federal agencies with local employees affected by the partial shutdown are the Scotts Bluff National Monument, USDA offices, and the Internal Revenue Service. The Social Security Administration had funding for wages in place prior to the shutdown, so that office remains open.