As the government shutdown takes effect, we want to assure our customers that we're here for you. Your financial stability continues to be our top priority. While this situation brings challenges, we're fully prepared to assist you through these uncertain times.
Supporting Federal Employees
For federal employees and government contractors, we understand you may have concerns about paychecks, benefits, and program payments. We stand ready to assist. If you're facing hardships due to the shutdown, please reach out to us as soon as possible.
Impact on Benefit Programs
We recognize that some government-administered benefits may be disrupted. Programs like WIC and SNAP could face funding delays if the shutdown continues, and application processing for Social Security or VA benefits may slow down. If these interruptions affect your household budget, we're here to help you manage through them with flexible support options.
Addressing Broader Concerns
We recognize that the shutdown may raise broader economic and market concerns. We're here to provide the insights and support you need during these uncertain times.
Continued Support
Rest assured, we're committed to supporting our customers through major challenges, just as we have during previous disruptions. Our operations remain open and fully functional, regardless of what unfolds in the nation's capital.
Your Deposits are Secure
While we're keeping a close eye on the situation, it's important to know that your deposits are secure. The banking system remains strong, and your FDIC-insured deposits are fully protected and readily accessible. In the 90-year history of the FDIC, no one has ever lost a penny of an insured deposit.
Potential Impact on Lending Programs
While our bank's operations won't be directly impacted, it's worth noting that agencies overseeing lending programs, such as the Small Business Administration and Federal Housing Administration, may experience delays. This could affect loans requiring their approval. Additionally, verification resources from certain government agencies, like tax transcripts from the IRS, may not be available, potentially leading to delays in mortgage loan approvals.
Seamless Service During Times of Uncertainty
Rest assured, Minnwest Bank dedicated to making this shutdown as seamless as possible for our customers. Our teams are prepared to navigate any challenges that may arise.
While we hope for a swift resolution, we want you to know that we're here for you. Your financial well-being is our top priority, and we're fully committed to supporting you through any potential disruptions.
For any questions or concerns, please don't hesitate to reach out. Your trust in us is the cornerstone of our commitment to you