California Credit Union offers payroll disruption relief program to Los Angeles educators
** Special assistance offered to California Credit Union members whose pay has been disrupted by an active Los Angeles teacher strike **
GLENDALE, CA (January 16, 2019) — 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 program 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 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.
