FRANKFORT, KY (April 21, 2020) — As Kentuckians continue adjusting to the constantly evolving situation due to COVID-19, Commonwealth Credit Union has taken action with the creation of a member assistance program and an avenue to thank our first responders, who remain on the front line to serve and protect our communities.
The Member Assistance Loan Program is available for those who may have lost their job, been furloughed, or otherwise adversely affected by the Coronavirus. Those who are eligible can borrow up to $5,000 for up to 36 months, with the first payment being delayed for 90 days. This money can be used for virtually anything, from paying off mounting bills to purchasing groceries or other daily necessities.
“I have seen a lot happen in Kentucky and to our credit union, but the last few months have been unlike anything I’ve experienced,” said Commonwealth Credit Union President/CEO Karen Harbin. “With the Member Assistance Loan Program, I want our members to know that we are focused on their health and well-being, including their financial well-being.”
As first responders continue to work to support both our communities and each other, Commonwealth Credit Union is working to take care of them. Teaming up with local caterers, the credit union has provided $40,000- $50,000 in meals to our firefighters, police officers, sheriff’s departments, emergency management technicians, and school district employees in every community that is home to one of their branch locations. Plans are being made to expand the first responder meal delivery to other locations in Commonwealth Credit Union’s 24-county service area.
“While many are social distancing and staying healthy at home, these brave men and women are out there every day, serving as our first line of defense and keeping our children academically engaged,” Harbin said. “By partnering with area catering companies, we’re also able to do our part to aid small businesses, who are the fabric of our communities.”
Established in 1951, Commonwealth Credit Union currently serves over 125,000 members. Anyone who lives, works, worships, goes to school, or volunteers in one of 25 eligible counties in the Louisville Metro Area and Bluegrass Regions of Kentucky can bank at Commonwealth Credit Union.
Insured by NCUA. Equal Housing Opportunity.
Patty Smith
Chief Brand and Advocacy Officer
Commonwealth Credit Union
502.564.4775
pasmith@cwcu.org
