GLENDALE, Calif., Jan. 15, 2019 /PRNewswire/ -- California Credit Union has announced that it will offer special relief programs to support members whose pay has been affected by an active teacher strike.
Those affected are encouraged to contact California Credit Union, where they will work with financial experts to review their individual situations to find the right options to help them through this challenging time. The goal is to provide personalized solutions to ensure the members are taking advantage of the programs that best suit their needs.
Following is a list of California Credit Union relief programs options:
- Loan Payment Assistance: Members may skip a payment, with all fees waived, on their consumer loan account (excluding Home Equity Lines of Credit).
- Penalty-Free Certificate Withdrawals: Members with certificate accounts may request early withdrawal to cover expenses with no fees or penalties.
- Reduced Rate (APR) Signature Loans: Members may apply for a signature loan at a 4.00% lower rate than the current lowest rate offered by the credit union. Members may receive up to two times their most recent net paycheck, up to $3,000.
"Founded by educators, for educators, California Credit Union has always been here to support the educational community. We want our members to know that we are here for them if they experience financial challenges as a result of an active teacher strike," said California Credit Union CEO Steve O'Connell. "We encourage members who may be affected to reach out to us so we can develop a personalized plan to meet their financial needs during this time."
These relief programs are offered in addition to the credit union's ongoing unique benefits for educators, including special checking and savings accounts as well as discounted loans and lines of credit. California Credit Union's teacher support program complements the assistance programs currently extended to credit union members affected by the federal government shutdown.
For more information, members are encouraged to contact California Credit Union at 800.334.8788, visit any credit union branch, or go to ccu.com.
About California Credit Union
California Credit Union is a federally insured, state chartered credit union founded in 1933 that serves public or private school employees, community members and businesses across California. With more than 165,000 members and assets of $3 billion, California Credit Union has 24 branches throughout Los Angeles and San Diego counties. The credit union operates in San Diego County as North Island Credit Union, a division of California Credit Union. California Credit Union offers a full suite of consumer, business and investment products and services, including comprehensive consumer checking and loan options, personalized financial planning, business banking, and leading-edge online and mobile banking. Please visit ccu.com for more information, or follow the credit union on Instagram® or Facebook® @CaliforniaCreditUnion.
SOURCE California Credit Union