USAA Donates $15M To Help Coast Guard Families

Stars & Stripes reports:

In a letter recognizing the anxiety among Coast Guard members who missed paychecks Tuesday because of the partial federal government shutdown, Adm. Karl L. Schultz announced a $15 million donation to support servicemembers.

The donation to the Coast Guard Mutual Assistance, a nonprofit charity that aids members of the Coast Guard, from USAA, a financial services and insurance company, will help the military and civilian workforce in need, said Schultz, commandant of the Coast Guard.

The donated funds will disburse as interest-free loans to Coast Guard personnel with the assistance of the American Red Cross, according to a news release from USAA. Beginning Wednesday, Coast Guard servicemembers with dependents will be eligible for interest-free loans up to $1,000, while servicemembers without dependents will be eligible for up to $750.