Patelco activates Disaster Response Plan for members affected by Lake County wildfires
Disaster Response Plan provides immediate access to financial resources to members located near the Pawnee Fire in affected areas
DUBLIN, CA (June 29, 2018) — Patelco Credit Union has activated its Member Disaster Relief Plan to aid its hundreds of members potentially affected by the Pawnee Fire in Lake County, California.
Patelco’s Disaster Relief Program provides immediate access to financial resources to any member in good standing who has been affected by natural disasters. This program includes access to no- or low-cost loans, reimbursement of non-network ATM fees, deferred loan payments, and more.
“With the wildfires affecting our members in Northern California, we are here to provide financial assistance and peace-of-mind through our Disaster Relief Program,” said Patelco’s President and CEO, Erin Mendez. “From our experience with the fires last fall in the North Bay area, we know that our members will be needing support, and we will continue to act as a resource for them in the face of this disaster.”
Patelco encourages members living in the affected areas who have experienced temporary displacement or damage due to fires to call 1-800-358-8228 to find out more about the support available through the Disaster Relief Program.
Disaster Relief Program Details:
· An immediate $500 personal loan at 0% interest for up to one year
· Waiver of early withdrawal fees on any share certificates you may have with us
· Reimbursement of any ATM fees for non-network ATM withdrawals
· Reversal of NSF or late fees
· Low interest loans at 5.5% APR for loans up to $10,000 (5-year term)
Patelco is also offering payment deferrals on existing loans through September 30, 2018 to affected members.
About Patelco Credit Union
Dublin, Calif.-based Patelco Credit Union is a not-for-profit credit union committed to serving the financial health and wellbeing of its membership. With 500,000 members, primarily in and around northern California, Patelco is dedicated to improving its members’ financial health and wellbeing by offering personalized solutions, advice, and expertise that empower members to live their best financial lives. Founded in 1936 with $500 in assets by Pacific Telephone and Telegraph Company employees, Patelco is in the top one percent of U.S. credit unions with more than $9 billion in assets. For more information, visit https://www.patelco.org/.
