Robyn Kehoe, 202-554-0007
Steve Bauer, 303-981-6412
Lakewood, CO (July 31, 2013) – With one day still to go in July, the Federal Employee Education & Assistance Fund has processed 148 new furlough-related loans totaling more than $87,000. Additional emergency assistance no-interest loans for non-furlough emergencies bring the agency’s July total to more than $119,000, a new one-month record as FEEA celebrates its 27th year in operation.
As expected, FEEA has seen a sharp increase in requests from Defense Department civilians, including employees of the Army, Navy and Air Force in addition to several departments within DoD. Since May 1, 2013, FEEA has provided furlough-related loans to civilian federal employees from 10 agencies in 28 states, as well as the District of Columbia and Puerto Rico. In all, FEEA has made over $139,000 in furlough loans to 234 federal employees since May 1 of this year. Other loans made during the same three-month period bring the total out the door to more than $251,000. Unfortunately, donations are not keeping up with the extraordinarily high demand for assistance. “It’s difficult for us to raise money in these circumstances since our donors are primarily feds themselves, “ says FEEA Executive Director Steve Bauer, “With nearly half the federal workforce facing furloughs, we are even more grateful every day that many of those who won’t be furloughed are choosing to help their fellow feds through FEEA.”
FEEA raised $103,000 during its annual campaign in May, including $55,000 in corporate contributions from the BlueCross/BlueShield Association, GEICO and Long Term Care Partners. In the past two months, new donations totaling just over $71,000, including a $25,000 contribution from new sponsor Engility Corporation, have helped but donations to FEEA's General Fund are still urgently needed to ensure all who qualify for assistance will receive it. Donations may be made via credit card on FEEA's web site at www.feea.org/Give. Donations via check made out to "FEEA" may be sent to: FEEA Headquarters, 3333 S. Wadsworth Blvd., Suite 300, Lakewood, CO 80227.
In order to apply for a furlough loan, employees must meet FEEA’s general guidelines for financial need. They must be having trouble paying for basic living needs like rent/mortgage or utilities and the maximum no-interest loan amount is $1,000. Furlough loans are only made after an employee actually receives a "short" paycheck and meets the other loan criteria. Those seeking FEEA loans should complete the regular Emergency Assistance application available at www.feea.org/furloughs.
FEEA is a private, nonprofit 501(c)(3) agency, primarily funded through federal employee contributions to FEEA CFC Pledge #11185 and donations to special relief funds. Since 1986, FEEA has provided more than $11.5 million in scholarships to civilian federal employees and their dependents. The FEEA Emergency Assistance Program has provided more than $9 million in financial assistance to federal families experiencing natural disasters such as floods, fires and hurricanes, and to those experiencing unforeseen personal emergencies such as illness or death in the family. FEEA also receives both monetary and in-kind support from corporate sponsors BlueCross/BlueShield Association, GEICO, Long Term Care Partners, Engility Corporation, Compass Rose Charities, and Federal News Radio. For more information about FEEA, visit www.feea.org or call 303-933-7580.