USAA has announced the ways it will be able to help members if a government shutdown delays military or government pay. Please note up-front: every situation may be unique, and you may be in a special category that doesn't fit the mold.
Military Pay DELAY
If military pay is not paid on 1 February 2018, USAA is prepared to offer an interest-free payroll loan to eligible service members. If a resolution is not found as it nears 1 February 2018, an email explaining the program and terms will be sent to eligible members.
Eligibility requirements include, but are not limited to:
- Must have current direct deposit of government payments with USAA Bank and at least two months of consecutive direct deposits of such payments.
- Loan amount is based upon two weeks of your normal direct deposit.
- Loan maximum is $6,000.
- Must be in good standing with USAA.
Due to international banking regulations, this offer may not be available to members permanently stationed in certain overseas locations.
Keep in mind that this offer currently is in place for just the 1 February pay. Members should be making plans for the remote possibility that a shutdown might be extended.
Other Government Pay
Because of the way that the federal law is written, only military members are guaranteed, as a group, to be repaid for the period during a shutdown. Other government employees are not automatically in a "guaranteed to be repaid" status. Therefore, a payroll advance loan would not be appropriate.
If you are a government worker and will be impacted by delayed or lost pay, contact USAA directly to discuss solutions appropriate for your specific situation.
VA benefits should not be impacted by a government shutdown caused by a lack of funding.
For any other specific questions, you will get the best answers by calling USAA directly at 1-800-531-USAA (8722).