The abrupt closure of Astria Regional Medical Center this week created potential hardships for hundreds of local healthcare workers and their families.
In response, Solarity has joined with other community businesses offering assistance to former employees, by creating a relief program meant to provide financial assistance for those who have lost their jobs.
“Our primary concern is for affected employees and their families – Solarity members and non-members alike,” said Mina Worthington, President and CEO, Solarity Credit Union. “Solarity has a long tradition of strong relationships with hospital employees, and we deeply appreciate all they do for our community.”
A key component of the relief program Solarity announced is a temporary loan designed specifically for former Astria employees who have been laid off. It features a 90-day delayed first payment, low 5.0% interest rate (5.001% APR), and a 36-month repayment period, with loan amounts that can range from $1,000 to $5,000.*
“These loans are intended to provide temporary support and create some breathing room for affected employees as they work to re-establish themselves,” Worthington said. “The employees of Astria Regional Medical Center were given little opportunity to plan or prepare for the hospital’s sudden closure, and Solarity is honored to be able to help support them through this unexpected transition.”
A webpage highlighting the elements of Solarity’s relief program for former employees of Astria Regional Medical Center can be found at https://www.solaritycu.org/