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Cobalt Credit Union assists people impacted by government shutdown

Posted: 4:49 PM, Jan 10, 2019
Updated: 2019-01-10 23:25:56Z
cobalt credit union sign

PAPILLION, Neb. (KMTV) -- — A local credit union is stepping in to help local people impacted by the government shutdown. The government shutdown began on December 22, but Friday is the first day most furloughed employees won't get a check at all. Though many of those jobs may be thousands of miles from Omaha, the metro is still feeling the impact.

Alan Stoltenberg, the Chief Lending Officer for Cobalt Credit Union says for the last two weeks they've received dozens of calls from people who are unsure how they'll make their mortgage or personal loan payment.

Cobalt has put together a "Furlough Relief and Assistance Program" to defer a payment up to 90 days, reduce or eliminate interest on a debt, or extend a loan.

"This isn't a positive financial journey in most people's lives obviously but it's a very real one and we take it very seriously and we want to be there for our members," Stoltenberg explained.

Stoltenberg says people who are not with Cobalt CU and are furloughed should contact their lender to see if they're willing to help ease their financial burden during an uncertain time.