Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
N.Y. N.J. CUs offer assistance to Hurricane Sandy victims
HIGHTSTOWN, N.J. and ALBANY, N.Y. (11/8/12)--Although New Jersey and New York credit unions were dramatically affected by Hurricane Sandy, they are reaching out to their members to provide financial assistance.

For instance, Healthcare Employees FCU, Princeton, N.J., is offering an emergency loan with no payments due for the first 90 days. Members can obtain up to $3,000 at 3% for 30 months. Loans will be made available through Dec. 15, according to the New Jersey Credit Union League.

ABCO FCU, Rancocas, N.J., is offering a low-interest, disaster relief loan to its membership. For homeowners, up to $25,000 is available at 2.99% annual percentage rate (APR) for up to 48 months. For renters, up to $5,000 is available at 2.99% APR for up to 48 months. Members can use this loan for flood damage, tree removal, vehicle damage, fence repair, shrub replacement, generators and insurance deductibles.

Polish & Slavic FCU, Brooklyn, has set up charging stations in its branches for members who are still without power. A special area has been designated at its Clifton branch for neighborhood children who might need electricity to complete their homework assignments. The CU has also started collecting necessary non-perishable items, such as batteries, blankets, pillows, warm clothing, and outerwear, as well as personal hygiene products, such as toothpaste, toothbrushes, deodorant, and other personal hygiene items for the hurricane victims.

Bethpage FCU, Bethpage, N.Y, will waive late fees and insufficient fund fees for members affected by the storm.

Nassau Educators FCU, Westbury, N.Y., is also offering a Hurricane Relief Loan, with a fixed interest rate of 1% APR for the first year, and an optional 90-day deferral of your the payment. The credit union is also offering a 90-day first-payment deferral on auto loans and a 0% rate on credit card home improvement purchases.

Palisades FCU, Pearl River, N.Y., is offering a hurricane relief loan at 50% off  standard personal loans rates with terms up to 24 months for those impacted by the storm. Community members can borrow up to $5,000 to help aid with storm related issues.

Also, New Jersey Credit Union League president/CEO Paul Gentile spoke with CUbroadcast host Mike Lawson this week to provide a first-hand account of how Hurricane Sandy has  affected New Jersey credit unions and what disaster recovery efforts are underway (The Daily Exchange Nov. 7).

The video includes photos submitted damages caused by the hurricane. Gentile speaks about the devastation of the shore towns and surrounding areas and his personal experience with damages.

Other Resources

RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
6 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
7 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
9 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
10 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
10 hours ago