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.