What Area Credit Unions Are Doing to Help Members

Credit unions always put their members first and live by the motto, “People Helping People.” During COVID-19 credit unions are finding ways to help their members through this tough time.

The following are examples of assistance area credit unions are offering to help families and businesses in need at this time.

  • Emergency COVID-19 emergency loans with deferred payments
  • Skip-a-payment on existing loans
  • Low interest or no-interest short-term loans
  • Rewrite an existing loan with more flexible or affordable terms
  • Debt consolidation
  • No penalty certificate withdrawal (non-IRA)
  • Waive or suspend ATM fees
  • Waive phone transfer fees
  • Financial counseling
  • Budget planning

Starting next week, the association will highlight on social media what your credit unions are doing to help your members during COVID-19. If you would like to share any stories, anecdotal information or new assistance programs, please email Shannon Russell at srussell@mddccua.org or Michelle Byrnie-Parker at mparker@mddccua.org