Skip to main content

House Vote Ends Longest Shutdown In U.S. History

WASHINGTON—The House late Wednesday approved a sweeping funding measure to end the longest federal government shutdown in U.S. history, clearing the way for federal agencies to reopen within hours and for hundreds of thousands of workers and service members to receive long-delayed pay.

The vote was 222-209, with just six Democrats breaking with their leadership, POLITOCO said. President Trump is expected to sign the measure before night’s end, allowing federal operations to resume Thursday morning.

iStock-2181573634

The chamber’s vote—coming after days of intense negotiations and following the Senate’s 60–40 passage—sent the bipartisan agreement to President Donald Trump for his signature, effectively ending a shutdown that stretched well past six weeks and rattled everything from military readiness to basic government services.

The package includes a continuing resolution funding the government through Jan. 30. The measure also includes a three-bill “minibus” of full-year funding for the Department of Agriculture and the FDA, the Department of Veterans Affairs and military construction projects and the operations of Congress.

For the credit-union industry, the measure delivered a particularly critical outcome: it reverses the mass federal layoffs that took effect on Oct. 1, restoring staff across key agencies—most notably the CDFI Fund, where workforce cuts had stalled grant processing and program oversight. Credit-union advocates warned that without those positions restored, community-development projects and low-income-serving institutions faced deep uncertainty.

Stverak_medium

Jason Stverak

The shutdown’s end also brings immediate relief to federal employees, contractors, and active-duty military personnel who had gone without pay for weeks. Credit unions serving federal hubs and military installations reported heavy demand for emergency loans and hardship assistance throughout the standoff—programs they expect to wind down as back pay begins flowing once government operations fully resume.

DCUC: 'Welcome Relief'

“This vote is a welcome relief to millions of military families and federal workers who have endured unnecessary uncertainty,” said Jason Stverak, DCUC’s chief advocacy officer. “We thank Congress for acting to end the shutdown. However, this should be the last time our service members and Coast Guard personnel are used as political pawns in budget negotiations.” 

DCUC noted that throughout the shutdown, credit unions once again demonstrated their unwavering commitment to those who serve. 

Hernandez-Tony

Anthony Hernandez

"From advancing pay to waiving fees, credit unions stepped up when government paychecks stopped. For example, Keesler Federal Credit Union launched a Paycheck Relief Program offering direct-deposit advances for affected federal employees, ensuring they could continue to provide for their families during the lapse in funding. Similar programs across the country showcased the cooperative difference and the readiness of defense credit unions to support their members in times of crisis," the trade group said.

“Credit unions didn’t wait for Washington to act—they stood up for their members immediately,” Stverak added. “That commitment to mission and member is what defines the credit union community and philosophy.”

DCUC reinforced its call for legislation guaranteeing continued pay for the military and Coast Guard during any future government funding gaps.

“Shutdowns should never threaten the pay or credit standing of those who serve our nation,” Stverak said. “Congress has now shown what bipartisan cooperation can achieve. Let’s build on this momentum to ensure permanent protections are in place.”

Anthony Hernandez, DCUC president/CEO, emphasized the importance of long-term stability for military families and their financial well-being.

“Our nation’s defenders should never have to question whether their pay will arrive on time,” said Hernandez. “DCUC and our member credit unions will continue to advocate for solutions that uphold financial readiness and peace of mind for those who protect our freedom.”

ACU: 'Grateful Congress Came Together 

Screenshot 2025-09-08 192647

Scott Simpson

America’s Credit Unions reacted to the news.

“We are grateful that Congress came together to re-open the government and put an end to the longest government shutdown in history,” said ACU President/CEO Scott Simpson. But we are even more grateful to the credit unions who were a steadfast partner to millions of Americans facing financial hardships. We saw during the shutdown just how essential credit unions are to the financial well-being of people and communities across the country. With Congress back in session, our focus remains on amplifying credit unions’ voice to protect and enhance their ability to meet members’ needs, in good times and bad.” 


_________________________________________

Check out some of NCOFCU's additional features:

Comments

Popular posts from this blog

NCUA Reports Continued Credit Union Loan Growth in First Quarter of 2016

"ALEXANDRIA, Va. (June 3, 2016) – Credit unions continued to increase their lending, with loans outstanding increasing 10.7 percent in the year ending in the first quarter of 2016, the National Credit Union Administration reported today.  “The credit union system again experienced solid performance during the first quarter of 2016,” NCUA Board Chairman Rick Metsger said. “Overall, new and used auto lending was especially strong, and the system gained one million members. With an influx of deposits, federally insured shares at credit unions also neared the $1 trillion mark coming in at $991.7 billion.  “As credit union lending has increased, long-term investments have declined and reduced the system’s interest rate risk. However, delinquency and charge-off rates are slightly higher than a year ago, and member-business loan delinquencies are rising even more. Credit unions making such loans should take note and ensure that they perform proper due diligence to mitigate the r...

NCUA Letter to Credit Unions: Interagency Statement on LIBOR Transition

Dear Boards of Directors and Chief Executive Officers: As a follow-up to Letter to Credit Unions 21-CU-03, LIBOR Transition , this letter provides additional reminders related to LIBOR’s discontinuance. Five federal financial institution regulatory agencies, in conjunction with the state bank and state credit union regulators, are jointly issuing the enclosed statement to emphasize the expectation that supervised institutions with LIBOR exposure will continue to progress toward an orderly transition away from LIBOR. [1] The NCUA encourages all federally insured credit unions to transition away from using U.S. dollar LIBOR as a reference rate as soon as possible, but no later than December 31, 2021, and to ensure existing contracts have robust fallback language that includes a clearly defined alternative reference rate. Please contact your NCUA Regional Office or state supervisory authority if you have any questions about this important topic. Read the Letter to Credit Unions   Sav...

CEO Compensation-Approach and Impact by DeeDee Myers

Numerous CEO shifts this year directly impact potentially outdated compensation philosophies related to creating a rewards package to retain and reward a newly hired or promoted CEO. Unfortunately, CEOs are often unsure of their performance metrics, short-term incentives, long-term incentives, and retirement package a year or more after they assume a CEO role. The impact is a lack of clarity on success factors between the Board and CEO, which inevitably transfers and translates to a less-than-adequate clarity of priorities and actions within the executive and management ranks. Deedee Myers, Ph.D., MSC, PCC  Direct office:  602-840-1053  Cell: 602-821-9300 https://ddjmyers.com/   Save The Date 10/5-8/2022    

Inflation Eases a Bit in New CPI Data; Here's What CU Economist Says

WASHINGTON–Inflation eased just a bit in April with the  Consumer Price Index  slowing to its lowest level since early 2021.  Dawit Kebede According to the new data from the Labor Department, in April the CPI, which excludes food and energy items, was up 3.6% annually. That would seem to indicate the Federal Reserve’s decision to raise rates quickly and then hold them there is having its effect, albeit inflation is being tamed at a slower pace than may had expected. “Headline and core inflation slowed down a bit in April after hot readings during the first quarter,” said America's Credit Unions Senior Economist Dawit Kebede. “Volatile energy a...

Current Geopolitical Events Increase Likelihood of Imminent Cyberattacks on Financial Institutions

Current Geopolitical Events Increase Likelihood of Imminent Cyberattacks on Financial Institutions Financial Institutions, Large and Small, Included in Potential Targets to U.S. Critical Infrastructure The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) has recently issued two alerts addressing risks from Russian State-Sponsored cyber threats and highlighting recent malicious cyber incidents suffered by public and private entities in Ukraine . Given current geopolitical events, the NCUA, along with CISA, the Federal Bureau of Investigation, and the National Security Agency encourage credit unions of all sizes and their cybersecurity teams nationwide to adopt a heightened state of awareness and to conduct proactive threat hunting. In addition, COVID-related supply chain disruptions may require management to reevaluate previously held assumptions for business continuity and disaster recovery pla...

TruStage Economic Projections for 2026 - Steve Rick

MADISON, Wis.– Noting it’s “that time a year to make economic projections for 2026,”   TruStage’s   economists are offering their preview for what they believe lies ahead. “We expect real GDP to expand 1.5% in 2026, below the 1.8% pace for 2025, and lower than the 2% long run trend growth rate,” wrote the company’s chief economist, Steve Rick, in TruStage’s newest Trends Report. “Growth will be slightly weaker than normal due to tariff policy uncertainty, restrictive monetary policy and slower labor force growth.” The report states that inflation is expected to be 3% in 2026, only falling slightly from the 3.1% pace this year. “We expect inflation to run above the Federal Reserve’s 2% target as firms pass through any additional tariff costs and the slow growth in labor force will keep upward pressure on wage growth,” the report observes. “This stubbornly high inflation will ensure monetary policy stays restrictive for most of 2026.” The Trends Report notes that the unemploymen...

What to Know About EV Lending

  By Ray Birch WEST WINDSOR TOWNSHIP, N.J.—There are a couple of important facts credit unions must keep in mind as they increasingly make loans for electric vehicles (EVs). The first is that while EVs are perceived to be more economical than internal combustion engine (ICE)-powered vehicles, one new report suggests that while electric vehicles are cheaper to operate, the overall savings may not be as significant as many people think. Moreover, as EVs become the dominant form of transportation, prices for charging—even at home—will begin to rise just like gas prices, one automotive industry expert is predicting. Sumit Chauhan, co- founder and COO at Cerebrum X, which provides AI-driven automotive data services and a management platform, s...

Email and Text Message Etiquette

As we navigate our everyday communications, I want to emphasize the importance of practicing good email and text message etiquette. This enhances clarity and ensures that everyone feels respected and valued in our interactions. Email Etiquette: 1. Use a Clear Subject Line: A subject line that accurately reflects the content of your email will help recipients know what to expect. 2. Greet Appropriately: Start with an appropriate greeting, such as "Dear [Name]", "Hello [Name]," or "Hi [Name], which sets a positive tone. 3. Acknowledge Receipt: If you receive an email that requires a response, action, or information, please acknowledge its receipt. A simple reply confirming that you have received the email helps the sender know their message was received and provides an opportunity to clarify expectations. 4. Be Concise: Keep your emails clear and to the point. Avoid excessive details unless necessary. 5. Professional Language: Use respectful and professional l...

New Forecast Sees Home Sales in 2024 Coming in Under Projections

WASHINGTON—Despite the recent pullback in mortgage rates, total home sales are expected to come in lower than previously forecast through the rest of 2024, and then not pick up meaningfully until further out in 2025, according to the August 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. The ESR Group reported that purchase mortgage applications have “barely budged” in response to the more favorable rate environment, and high-frequency measures of home purchase demand, including mortgage applications, showing requests, and listings views, remain below year-ago levels. Additionally, Fannie Mae said its Home Purchase Sentiment Index continues to report a near-record low share of respondents indicating it’s a “good time to buy” a home. ...