Electro Savings Credit Union launches COVID-19 financial relief package
ST LOUIS, MO (March 24, 2020) — Electro Savings Credit Union has launched a Comm(unity) Relief Program designed to assist credit union members and the community-at-large with financial relief during the COVID-19 pandemic. Some of the offerings include a Relief Loan giving qualified borrowers relief from making their first payment for 12-months and a 0% APR on consolidated credit card debt for six months.
In addition, Electro is offering payment deferment options, and credit limit increases for credit union members who currently have Electro loans. Each member is encouraged to contact the credit union to discuss their unique situation.
“We want our credit union members to know that we’re ready to stand by their side, offering the support they may need. We also want the community to know that we are here for them too”, explains Jim Struble, Electro President & CEO. “If people, whether current Electro members or not, are impacted financially due to the COVID-19 pandemic, we’re dedicated to working with and helping them through these uncertain times. Now more than ever, we’re here for our members and our community”, says Struble.
Learn more about Electro’s Comm(unity) Relief Program at www.electrosavings.com/community-relief, or call the credit union at 314.434.6470. About Electro’s Response to COVID-19 Please visit www.electrosavings.com/notice-details.
About Electro Savings Credit Union
Established in 1941 by the employees of Union Electric Company (now Ameren), Electro Savings Credit Union is a full-service, not-for-profit cooperative financial institution. In addition to its Maryland Heights, Wildwood, Manchester and South County offices, Electro Savings members may access their accounts online, in a mobile app, and at CO-OP ATMs and Shared Branches. Membership in Electro Savings Credit Union is available to individuals who live or work in St. Louis City and County, St. Charles, Franklin and Jefferson counties in Missouri, and Jersey, Madison, St. Clair and Monroe counties in Illinois. Electro Savings also offers business services, business loans, and a no-cost employee benefits program to local businesses. To learn more, visit www.electrosavings.com.