Emergency Financial Kit
Because emergencies don’t wait & neither should you.
At Interior Federal, we know government shutdowns create real uncertainty for members and their families. That’s why we encourage you to prepare with an Emergency Financial Kit (EFK) – a personal line of credit, credit card, both with Debt Protection, and an emergency savings account (secondary savings) designed to give you stability when paychecks are delayed. This kit isn’t just about finances; it’s about peace of mind, knowing your Credit Union stands beside you with resources you can count on. Let’s plan ahead together, so you’re ready for whatever tomorrow brings.
Because emergencies don’t wait & neither should you.
At Interior Federal, we know government shutdowns create real uncertainty for members and their families. That’s why we encourage you to prepare with an Emergency Financial Kit (EFK) – a personal line of credit, credit card, both with Debt Protection, and an emergency savings account (secondary savings) designed to give you stability when paychecks are delayed. This kit isn’t just about finances; it’s about peace of mind, knowing your Credit Union stands beside you with resources you can count on. Let’s plan ahead together, so you’re ready for whatever tomorrow brings.
Personal Line of Credit
Apply for a personal line of credit (PLOC)¹ now, so that you are ready when a government shutdown (or other emergency) strikes. If you are approved for your line of credit, you have no obligation to use it immediately. Plus, only pay for what you use, when you use it. If you already have your PLOC set up, then you won’t need to wait on any other approvals during times of immediate need.
Credit Card
Having a credit card¹ allows you more flexibility and an extra cushion if an emergency pops-up. In emergencies, a credit card can be a great resource to use for immediate needs like food and gas (our rewards card allows you to redeem reward points right at the gas pump for a $0.50 discount per gallon). Plus, if you have our digital spend account, your credit card transactions count toward meeting the qualifications for the highest monthly dividend.
Remember to use your credit card responsibly to avoid too much debt. However, our credit card rates will not exceed 18%, unlike other banks where the national average ranges from 22% – 24% APR.
Credit Card
Having a credit card¹ allows you more flexibility and an extra cushion if an emergency pops-up. In emergencies, a credit card can be a great resource to use for immediate needs like food and gas (our rewards card allows you to redeem reward points right at the gas pump for a $0.50 discount per gallon). Plus, if you have our digital spend account, your credit card transactions count toward meeting the qualifications for the highest monthly dividend.
Remember to use your credit card responsibly to avoid too much debt. However, our credit card rates will not exceed 18%, unlike other banks where the national average ranges from 22% – 24% APR.
Debt Protection: Platinum
One of our core values is stewardship. As your financial stewards, we encourage you to consider adding the platinum debt protection plan to your loans. Why you ask? Debt protection² can cancel your loan payment or balance of your loan if you fall victim to a qualified life event (including involuntary unemployment like a government shutdown). Click the button below to read about the details debt protection can offer you during extenuating circumstances.
Debt Protection: Platinum
One of our core values is stewardship. As your financial stewards, we encourage you to consider adding the platinum debt protection plan to your loans. Why you ask? Debt protection² can cancel your loan payment or balance of your loan if you fall victim to a qualified life event (including involuntary unemployment like a government shutdown). Click the button below to read about the details debt protection can offer you during extenuating circumstances.
emergency Savings Account
As the part of the EFK, we encourage you to open a secondary savings account and name it “Emergency Savings.” This is a simple process to do once your membership is opened. It’s one thing to open the account, but we would like to show you HOW to make sure your Emergency Savings in funded so that you have a back-up plan if/when another government shutdown occurs.
- Set up a “Recurring Transfer” by logging in to the mobile app.
- Select the Transfer & Pay icon at the bottom of the screen.
- Select Make a Transfer.
- Toggle over to the Schedule tab and tap Schedule a Transfer at the bottom of your screen.
- Select the account you want to transfer from.
- Select your Emergency Fund to transfer that money to.
- Select an amount you want to transfer between accounts. (Maybe start with $50 each pay day and after 26 pay days, you’ll have $1,300 saved up, plus interest.
- Select Schedule and confirm the transfer.
emergency Savings Account
As the part of the EFK, we encourage you to open a secondary savings account and name it “Emergency Savings.” This is a simple process to do once your membership is opened. It’s one thing to open the account, but we would like to show you HOW to make sure your Emergency Savings in funded so that you have a back-up plan if/when another government shutdown occurs.
- Set up a “Recurring Transfer” by logging in to the mobile app.
- Select the Transfer & Pay icon at the bottom of the screen.
- Select Make a Transfer.
- Toggle over to the Schedule tab and tap Schedule a Transfer at the bottom of your screen.
- Select the account you want to transfer from.
- Select your Emergency Fund to transfer that money to.
- Select an amount you want to transfer between accounts. (Maybe start with $50 each pay day and after 26 pay days, you’ll have $1,300 saved up, plus interest.
- Select Schedule and confirm the transfer.
ready to set up your emergency financial kit?
- Apply for a PLOC.
- Mark YES to establish an Emergency Financial Kit. Your Loan Officer will:
- Add the Credit Card application to your PLOC. If approved, your card will be ordered for you.
- Add Debt Protection to your loan accounts to protect your credit.
- Establish an Emergency Savings Account and set up your automatic transfer.
¹Loans subject to credit approval.
² Debt Protection is an added cost in relation to the loan amount. Please speak with your representative for further information.