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
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
17 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
18 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
19 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
19 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
19 hours ago