Shutdown Loan

In the event of a federal government shutdown, CGMA is here to support the Coast Guard community.

We understand the strain that financial uncertainties can cause, and as such, CGMA will offer interest-free loans to help cover essential expenses like rent, insurance, and daycare. Coast Guard military and civilian employees are eligible to borrow up to their monthly Basic Allowance for Housing (BAH) as needed.

Before applying, please contact your financial institution to explore any other immediate options. While CGMA is committed to assisting, please note that our resources are limited, as we largely depend on allotments - both contributions and loan repayments - that are suspended during a shutdown.

Here are some resources available:

Navy Federal Credit Union: interest-free loan in the amount of direct deposit pay, up to $6,000, no credit check. Navy Federal Credit Union

USAA: interest-free loan in the amount of direct deposit pay, up to $6,000, must be repaid within three months USAA

First Command: interest-free payroll advances in the amount of direct deposit pay, must be repaid within three months First Command

Amount

Based on BAH

Type of Assistance

Interest-Free Loan

Eligibility

Active Duty

Civilian Employees

PHS Officers and Chaplains

Reserves

How to Apply

Online application will be available soon.

What's Covered?

CGMA loans are designed to support rent, utilities, food, and emergency needs during a government shutdown. Loans are interest-free and calculated based on one month’s Basic Allowance for Housing (BAH), determined by the military member’s pay grade and region. You may reapply once per month if the government shutdown continues.

GS civilian employees will receive the equivalent of E-7 BAH.
Non-Appropriated Fund and Wage Grade (NAF/WG) employees will receive the equivalent of E-5 BAH.
Members married to members are both eligible for individual loans.
CG Academy cadets will receive their typical monthly stipend.

Loans must be repaid via allotment within two months of regular pay being reinstated.

Eligibility Note: Members expected to be Released From Active Duty (RELAD) within 30 days or those undergoing discharge proceedings are not eligible for this program.

Other CGMA Programs

All emergency financial programs will remain open, and all other programs will be prioritized for processing and may be suspended. During a shutdown, CGMA prioritizes all programs to ensure the swift processing of shutdown loan requests.