Cover Federal Pay | First Command
WE’VE GOT YOUR BACK
Government Shutdown Assistance Program
Helping deliver the stability you deserve
No Interest Pay Advance Loan
At First Command, we are committed to your financial security and understand how unsettling it is to have your pay interrupted. We’re here to partner with you and help you stay on track in the event of a government shutdown by offering a financial relief package that starts with a 0.00% APR* pay advance loan that includes no fees or interest charges.
No fees. No interest. No politics.
Special options designed to see you through
Pay advance loan — The core of our government shutdown assistance program, current First Command clients employed by an impacted federal agency that have their government pay on direct deposit with First Command Bank for at least 60 calendar days preceding the date of the shutdown can receive pay advances from us that equal their normal monthly deposit amount for a maximum of 60 days during a government shutdown. If the shutdown lasts longer than 60 days, First Command Bank can review the situation and may renew the assistance for additional periods, at its discretion. There are no fees and no interest. A few frequently asked questions regarding this program can be found below.
Loan payment assistance — Understanding that the government shutdown may constrain family budgets, we’re prepared to work with eligible clients to offer payment assistance on eligible First Command Bank installment loans.
Penalty-free early CD withdrawals — Early withdrawal penalties will be waived for clients who need to redeem a First Command Bank certificate of deposit (CD) prior to its maturity.
Additional borrowing options — If requested, we’re prepared to offer current clients a low-interest loan option as an added subsidy to the payroll advance program. Underwriting will be required and subject to credit approval.
Financial advice tailored to you — Your First Command financial advisor will coach you through your options and offer guidance on managing federal allotments for investments and insurance, and any other issues affecting your family’s finances.
Pay Advance Loan FAQ
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*APR: Annual Percentage Rate. 0.00% APR offer requires an Automatic Payment Authorization and continuance of Automatic Payments deducted from your First Command Bank account. If you do not want to enroll and continue Automatic Payments, First Command Bank has other loan programs available to assist you through the shutdown.