Solarity Credit Union offers urgent financial relief to laid-off hospital employees
YAKIMA, WA (January 20, 2020) — 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/pages/former-astria-employees. Employees who have been affected by the hospital’s closure should call Solarity at 509.408.0361.
About Solarity Credit Union
Solarity Credit Union is a not-for-profit, cooperative financial institution with nearly 200 employees serving more than 54,000 members. With more than $1.36 billion in assets under management, Solarity offers a wide range of financial products and services with a focus on providing extraordinary experiences to members. Solarity membership is open to everyone who lives, works, worships or attends school within a Washington State school district and for those who join GoWest for a nominal donation. More information can be found at solaritycu.org.
