Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Maine CU ready to help workers after plant closes
PITTSFIELD, Maine (3/27/14)--Sebasticook Valley FCU, with $78 million in assets, Pittsfield, Maine, has extended an offer of assistance to its membership after a business announced plans to shut down a local plant next year.
 
Last week, United Technologies Corp. (UTC) announced that it is closing its plant in Pittsfield, costing the state about 300 jobs ( The Washington Times March 19). The plant will close in March 2015. UTC provides technology products and services to the global aerospace and building systems industries.
 
Within days of the announcement, Sebasticook Valley FCU contacted affected members to offer support, such as loan restructuring or budgeting.
 
"We looked in our database to find members that were employed there and sent a letter out telling them if they needed anything or if they had any questions we would be here to help," President/CEO James Lemieux told News Now .
 
About 150 to 200 UTC employees are members of the credit union, Lemieux said.
 
A few members have already taken the credit union up on the offer, he said.
 
A local television station also ran a story about Sebasticook FCU's offer of support. To view the story, use the link.  
Other Resources

WABI-TV report
RSS print
News Now LiveWire
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
23 minutes ago
See @CUNA's @SchenkMike on TheStreet discussing a new surge consumer confidence http://t.co/SqjarTBLCQ
53 minutes ago
.@CFPB pushes back cmmt deadline on proposal to allow consumer narratives in complaints database--now 9/22, was 8/22. http://t.co/mHLlRVjEij
1 hours ago
@FHFA will hold 8/14 outreach in Atlanta for homeowners who still could benefit from the HARP refinance program. More in #NewsNow Thurs.
1 hours ago
Access to Affordable Mortgages Act passed by Hse Fin Serv. 31-23.CUNA says bill gives CUs reg relief & incr. access to mortg credit.
2 hours ago