Helpful Resources for Federal Employees Impacted by Reduction in Workforce
Support for Federal Employees Impacted by Workforce Reductions
At HUD Federal Credit Union, we know that a reduction in workforce can create financial stress and uncertainty. We’re committed to standing by our members with practical solutions and helpful resources. We are here to help you stay financially secure, protect what matters most, and find peace of mind during this challenging time.
Financial Relief Options
Accessing HUDFCU Certificate Funds
Need to access your certificate funds before maturity? We will waive the standard early withdrawal penalty. Please provide documentation of your layoff and hardship when requesting the waiver.
Help with Existing HUDFCU Loans
If you have a current loan with us, you can request payment relief by completing our Loan Assistance Form. A HUDFCU loan representative will work with you to review your situation and create a plan that meets your needs.
Applying for a New HUDFCU Loan
If additional funds would help you bridge this period, view our current loan rates and submit an application online. A Share Secured Loan may be a good option. For assistance choosing the right loan, call us at 800-345-8032. Standard underwriting guidelines apply for all new loans.
Wealth Management Support
For investment or retirement planning guidance, or if you have a brokerage account with our Wealth Advisor, you can connect directly with:
Momodou Bojang, Senior Wealth Advisor, Axiom Value, LLC
240-863-3688 | mlbojang@axiomvaluellc.com
Financial Education & Counseling
Your financial wellness is important to us. We’ve partnered with BALANCE, a trusted financial education provider, to offer:
- Free access to expertly designed financial education resources
- Confidential, no-cost financial counseling to create a budget, manage spending, and tackle debt
- Guidance through life stage transitions and major financial decisions
Learn more and access BALANCE resources here.
Washington, DC Resources for Federal Employees
Take advantage of local and federal resources available to employees impacted by job loss in the Washington, DC area:
- DC Department of Employment Services (DOES) – Unemployment Insurance (UCFE), job search assistance, resume help, career counseling, American Job Centers.
- DC Public Library – 'Your Path Forward' – Free career development, resume & interview coaching, professional skill building, workshops, financial wellness tools.
- DC Department of Insurance, Securities and Banking (DISB) – Foreclosure prevention mediation, housing counseling, free legal services for those facing default or foreclosure.
- Help for Impacted Federal Workers — DC Arch Center – Lists of services, discounts, legal help, job board, financial planning, and peer resources.
- LawHelp.org/DC – Legal aid, free/low-cost services, training programs, and worker rights guidance.
- Community Services Agency of Metropolitan Washington – Emergency services (food, shelter, utilities, healthcare), housing resources.
- Greater Washington Board of Trade — Resource Guide – Job fairs, transition programs, networking, and regional resource connections.
- Citywide Health Insurance – DC HealthLink – Health insurance options for those losing employer-based coverage.
© 2025 HUD Federal Credit Union. All Rights Reserved. Federally insured by the National Credit Union Administration, a U.S. Government Agency. Deposits insured up to $250,000.
This credit union is federally insured by the National Credit Union Administration. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. NMLS #: 438402