USAA is prepared to offer the payroll advance loan to affected military members with existing direct deposit at USAA Bank if a government shutdown interrupts military pay. Likewise, members who have existing direct deposit arrangements at USAA Bank for their VA and Social Security checks would be eligible for the loan if their payments were interrupted due to a debt ceiling impasse.
If a loan offer becomes necessary, USAA will email those members and provide information in the "My Offers" section of usaa.com. We will also offer other solutions, including special payment arrangements to help USAA members who receive government payments and find themselves in financial distress because of a shutdown.
"We all hope that policymakers will reach a deal before military pay is threatened," says David Bohne, president of USAA Bank. "But we stand ready to help our members who would be impacted if that happens."
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