COLUMBIA, MD (April 15, 2024) — Credit unions are stepping up to provide financial assistance to those affected by the Francis Scott Key Bridge collapse. Over 40 credit unions across the region have committed to providing a range of relief options from deferments on consumer loan and mortgage payments to waiving fees. The information is included in the State’s recently launched Francis Scott Key Bridge Collapse Response Website.
Individuals impacted by the bridge collapse are encouraged to contact their credit union, even if not listed. Most will respond on a case-by-case basis. Representatives will work directly with individual members, tailoring assistance to meet their specific needs and circumstances.
“Credit unions have a long history of supporting members during challenging times,” said John Bratsakis, President/CEO of the MD|DC Credit Union Association. “Just as they responded during the pandemic, federal government shutdowns, and the 2008 financial crisis, credit unions stand ready to assist. As dedicated community partners, credit unions are committed to ensuring the financial well-being of their members and the communities they serve.”
For more information visit Support for Workers on the state’s Bridge Collapse Response Website.
The MD|DC Credit Union Association is a regional trade association representing credit unions and their 2.2 million members in Maryland and the DC region. The Association provides advocacy, education and business solutions to credit unions which are not-for profit, member owned financial cooperatives.
Michelle Byrnie-Parker
SVP/Chief Public Affairs Officer
