USAA has announced that it is teaming up with the Coast Guard Mutual Assistance to help Coast Guard service members and their families facing financial hardship due to the government shutdown.
A $15 million donation from the San Antonio company will be distributed to Coast Guard personnel in the form of interest-free loans through CGMA with the assistance of the American Red Cross Hero Care Center, according to a press release from USAA.
The U.S. Coast Guard did not receive their mid-month paycheck due to the continuing shutdown, according to USCG Commandant Admiral Karl L. Schultz. He says that "To the best of my knowledge, this marks the first time in our Nation's history that servicemembers in a U.S. Armed Force have not been paid during a lapse in government appropriations."
Schultz expressed his gratitude for the "outpouring of support across the country" in a statement posted to Instagram.
Starting January 16, service members with dependents are eligible to collect an interest-free loan up to $1000; those without dependents are eligible for up to $750.
USAA says that Coast Guard service members needing assistance should visit www.cgmahq.org.
"USAA's mission is to be there for our members when they need us most," said USAA CEO Stuart Parker. "This initiative, together with our efforts directly supporting members, will help thousands of Coast Guard families."