FEEA’s financial situation unfortunately has not changed since we had to curtail furlough loans at the beginning of September. While we want to help feds affected by a shutdown, we will have to maintain our stricter loan criteria, helping those who are in the worst situations and have extenuating financial circumstances beyond furloughs/shutdown. If furlough/shutdown is part of the reason they need help, Feds must wait until after receiving a short paycheck to apply for a loan.
FEEA said goodbye to one of its own on Friday with the death of William Bransford, 66, a partner in the law firm of Shaw Bransford and Roth.
"We at FEEA are saddened by the death of Bill Bransford. He was a tireless supporter of FEEA. We will miss his energy, creativity, innovation, and dedication. He has given much and we are grateful." said FEEA Board President Robert Tobias.
Bransford had been involved with FEEA since its inception in 1986 and remained one of its strongest supporters for 27 years. His advocacy on behalf of federal employees will be missed throughout the government community.
FEEA is sorry to announce that as of September 4, 2013, we must suspend new furlough-related loans due to lack of funds. The unprecedented need over the past several months has eaten up 90% of our annual emergency loan budget and has unfortunately created a cash flow problem for FEEA, forcing us to curtail loans in order to remain solvent.
Employees who have recently submitted applications for furlough loans will receive an email from FEEA explaining the current situation. FEEA will retain the applications of those we are unable to help at this time in hopes the financial situation will improve and we will be able to re-evaluate those applications. FEEA will continue providing no-interest emergency loans to federal employees who meet our general guidelines for financial need. Employees must be having trouble paying for basic living needs like rent/mortgage or utilities due to emergency circumstances beyond their control that have created a significant drop in income or a considerable increase in expenses. Furloughed employees may still apply if they have other life circumstances beyond furloughs that have created the financial hardship. Those seeking FEEA loans should complete the regular Emergency Assistance application available on our Furloughs page.
You may access our official press release here.