California Credit Union offering relief programs to members impacted by federal government shutdown
Special assistance offered to California Credit Union members whose pay has been disrupted and are in the U.S. Military or employed by the federal government
GLENDALE, CA (January 4, 2019) — California Credit Union has announced that it will offer special relief programs to support members whose pay has been affected by the current government shutdown. Programs include:
- 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.
“In light of the current government shutdown, we want our members to know that we’re here to help. California Credit Union members can rest assured we will provide them with a variety of special assistance programs to help alleviate some of the financial stress this situation may cause them,” said California Credit Union CEO Steve O’Connell. “We hope these programs will support our members in what may be a difficult time, and invite any member who may be impacted to contact us with questions or concerns about their finances.”
For more information, members should 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 with assets of nearly $5 billion, approximately 200,000 members and 25 retail branches. The credit union serves community members and businesses in the California counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura as well as school employees throughout the state. The credit union operates in San Diego and Riverside Counties as North Island Credit Union, a division of California Credit Union. The 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. California Credit Union is certified as a Community Development Financial Institution (CDFI) with a Low Income Designation, offering inclusive products and services to build financial stability in our underserved communities, including a checking account certified as meeting the Bank On National Account Standards. Visit ccu.com for more information or follow the credit union on Instagram® or Facebook® @CaliforniaCreditUnion.
