September 30, 2025—There are only hours left for the U.S. Congress to reach a deal on federal government funding to avoid a government shutdown. Without funding under an approved bill or continuing resolution, federal agencies must suspend all non-essential activity and spending. Thousands of federal employees are unable to work or work without pay until lawmakers come to an agreement and funding is restored. Today, as lawmakers remain deadlocked, economic pundits focus on the potential financial and market impacts of a shutdown.
Prior data tells us that the economic impact of a government shutdown depends in large part on the length of the shutdown. The immediate impact will be on the financial wellbeing of thousands of furloughed government workers, essential workers that must wait for payment, and government contractors not guaranteed back pay, and on the thousands of consumers facing potentially delayed government assistance payments. With more than half of Americans without emergency savings, the longer the shutdown lasts, the more likely the broader economy will be impacted. Monetary policy decisions can be delayed causing greater economic uncertainty. Consumers may lose confidence, cut back on spending, look for loans or loan relief, and in many cases, in the absence of financial relief, exhaust their savings.
As they have before, in the event of a government shutdown, credit unions will step in to provide support for impacted members, many in the form of low or no interest loans, generous repayment options, or other advances. EasCorp stands with our member credit unions’ efforts to support their communities. We are pleased to offer special terms for additional liquidity support during this time. Please contact us to learn more.