Insurer USAA offers $15M in interest-free loans for Coast Guard members during shutdown

[riversedge]

Source: AP




By: The Associated Press   1 hour ago

SAN ANTONIO — A military personnel insurer and financial services company has donated $15 million for interest-free loans to Coast Guard members during the partial U.S. government shutdown.

San Antonio-based USAA on Wednesday announced the funds will be disbursed by Coast Guard Mutual Assistance. The American Red Cross Hero Care Center will assist.



Coast Guard personnel with dependents are eligible for interest-free loans up to $1,000. Service members without dependents are eligible for up to $750.

Officials say the loans are meant to cover an estimated two weeks of shortfalls due to Coast Guard personnel not being paid during the government shutdown, which began Dec. 22.
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Read more: https://www.navytimes.com/news/your-navy/2019/01/17/insurer-usaa-offers-15m-for-coast-guard-interest-free-loans/

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I am so glad some troops are being helped.


Also:


A coalition of Coast Guard-related nonprofit groups has opened a pop-up food pantry at the U.S. Coast Guard Academy to help Coast Guard and academy workers affected by the partial government shutdown.
By: The Associated Press





https://www.armytimes.com/resizer/qMiZ_4hQ69JxxOosc6_zRREujZ0=/1200x0/filters:quality(100)/arc-anglerfish-arc2-prod-mco.s3.amazonaws.com/public/SHA43FVMNZAMDHMTTNKAZN3JNA.jpg

In this Jan. 16, 2019, file photo, U.S. Coast Guardsmen and women, who missed their first paycheck a day earlier during the partial government shutdown, walk off a 45-foot response boat during their shift at Sector Puget Sound base in Seattle. (Elaine Thompson/AP)

[underpants]

1. USAA seems to be a really good organization

That won't cover it (and it's brilliant marketing) but they aren't going to get over their skis on this.

[rustysgurl]

2. USAA has a history ...

... of standing by service members in times like these (natural disasters, man-made ones). While $1,000 won't go far, it's a start, and the fact that it's interest free means they aren't trying to make money off it.

Well done, USAA.

[sandensea]

3. Inspiring and in a way heartbreaking

It's a little like seeing an 8 year-old kid offer up his piggy bank to his mom because he overheard the parents arguing about the dad's gambling losses.

[sarge43]

4. A blessing on their house. n/t

[Hekate]

5. That is really, really nice

[Mosby]

6. USAA is a member owned company

They care about their customers, not profits.

[zeusdogmom]

7. USAA is a great company

Insurance, banking, other financial stuff. My husband was in the military - USAA all the way. Always had our backs. Our kids were eligible to use the company, too. They got their first USAA credit cards in their own names as HS kids - $500 limit. 20+ years later, still members. House and car insurance. Best rates.

[cemaphonic]

10. Yeah, I got in as a dependent of a federal govt employee

Their insurance department is great. They've always had really good customer service when we've needed to make a claim, and were very fair with when we made a claim due to a burglary.

[Hassin Bin Sober]

11. They are a pleasure to work with.

I deal with a lot of banks in my business (mortgages). Whenever I need something on behalf of a customer I can usually get it with one call. They’ll fax/email it to you while you are on the phone and confirm you received it.

My own banks, chase and shittybank, are nightmares.

[akraven]

8. They're a good bunch.

Thanks, USAA! You helped a lot of troops way up here when Rayguns abandoned them, and did right by all of them.

[RHMerriman]

9. Good for them...