DOWNEY, CA (August 12, 2020) — Financial Partners Credit Union, serving Southern Californians for more than 80 years, has added a Job Loss Protection* benefit at no additional cost to all new and used auto purchase loans for members. The standard protection, which provides up to $3,000 in benefits, is the first of its kind to be offered by a financial institution.
“Our goal is to support our members and give them the peace of mind they need during these particularly difficult times,” said Nader Moghaddam, President and CEO of Financial Partners Credit Union. “We are taking every opportunity to help our members manage the economic downturn. This new benefit reassures members that if they become involuntarily unemployed due to economic reasons, we have their back and are looking out for them.”
The Job Loss Protection Plan* is standard, at no additional fee, on new and used auto purchase loans offered by Financial Partners Credit Union. If qualified, the benefit includes up to six payments if the primary borrower becomes involuntarily unemployed due to economic reasons within the first 12-months of opening a new auto loan, with a maximum benefit of $3,000.
“A safe and reliable car is essential for anyone living in California, and many have concerns about job stability as the COVID-19 pandemic continues to put pressure on our local economy,” said Joe Brancucci, Financial Partners CU’s Chief Lending Officer. “On top of our low auto loan rates, the option of delaying the first payment for 90 days and additional discounts, we are extremely proud to provide the added security that comes with Job Loss Protection. This great, no-cost benefit gives our members the peace of mind they need when purchasing a car today.”
Financial Partners membership is open to anyone who lives, works, or attends school in Southern California. You can open membership and apply for an auto loan online at FPCU.org or by calling 844.TRY.FPCU.
Member-owned and not for profit, Financial Partners Credit Union is dedicated to helping Californians build better lives. With more than $1.8 billion in assets and branches from San Francisco to San Diego, including new branches in Mission Viejo, Irvine, and Seal Beach, membership is open to everyone who lives in Southern California, as well as Alameda and South San Francisco. #DiscoverBetterBanking! Visit fpcu.org or call 844.TRY.FPCU for details.
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