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Navy Federal to cover pay during shutdown

Apr. 8, 2011 - 04:49PM   |   Last Updated: Apr. 8, 2011 - 04:49PM  |  
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Service members who have their paychecks direct-deposited with Navy Federal Credit Union will receive their full paycheck on April 15 no matter whether the government shuts down or not, credit union officials said on their website Friday.

Navy Federal will cover the funds for military members and civilians paid through Defense Finance and Accounting Service, the website said.

"We're hopeful that Congress and the White House will come to an agreement to avoid a shutdown," Cutler Dawson, Navy Federal's chief executive, said in a news release. "At the same time, we want to support our members — especially our active duty military members — through this potentially challenging time. We want to ensure, to the extent possible, that our military families do not suffer financially in the wake of a political impasse.

"By covering the mid-month pay, come April 15 our active duty members will not see a difference in their direct deposit amount, as if there were no shutdown."

Contingencies for the April 30 paycheck would be announced closer to the time, according to the site.

If the government shuts down at midnight Saturday, DFAS would have no authorization to pay military members during those days, according to the agency's website.

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