Launch Credit Union Offering Government Shutdown Loan to Affected Workers

must be an existing federal or contract employee affected by the government shutdown resulting in missed pay

BREVARD COUNTY • MERRITT ISLAND, FLORIDA – With thousands of civilian government workers being put on furlough because of a government shutdown, Launch Credit Union is responding to those affected with a low-interest personal loan for members and nonmembers who meet qualifications.

“With the federal government shutdown, we are ready to assist our members who are Federal Government civilian workers who may lose pay in the coming weeks due to a government shutdown.

By offering a low-interest loan based on their loss of pay, we hope that we can help them continue to make their bills and feed their families,” states Joe Mirachi, President and CEO of Launch CU.

The loan is offered beginning Wednesday, October 1. To qualify, you must be an existing federal or contract employee affected by the government shutdown resulting in missed pay.

It features a low rate of 5.99% APR for up to 12 months, for the amount of one biweekly or two weekly net paychecks, up to $5,000. A loan specialist at any Launch CU branch can assist with the loan application process or you can apply online at launchcu.com.

If you are not currently a member of Launch Credit Union and wish to apply for the loan, you may become a member by opening a savings account with a minimum deposit of $5 . Proof of a government job is required to apply for the special loan, and you will need to provide a copy of a recent paystub. Speak to a loan specialist for additional details.

The deadline to apply for the special loan is November 15, 2025.

“Credit unions are about people helping people,” states Mirachi. “We’ve been here for 60 years helping people meet their financial needs, through good times and bad times.”

Launch Credit Union is a full-service, community credit union with seventeen branches and is rated ‘excellent’ by BauerFinancial.com. Launch CU has $1.4 billion in assets with 80,000 members.

Membership is open to all who live, work, worship, or attend school in one of the counties we serve. For more information about Launch Credit Union, please visit Launchcu.com or call 321-455-9400.

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