OPELIKA, Ala.–The devastating tornadoes that struck Alabama as well as Georgia and which killed at least 23 people apparently spared credit union facilities.
Dozens have been injured, however, and it’s unknown how many of those who were injured or lost homes are credit union members or employees.
The League of Southeastern Credit Unions told CUToday.info it had not heard any reports of damage from any of its member credit unions. Four Seasons FCU is located in Opelika, Ala., which was at the epicenter of the storms.
Meanwhile, on the opposite side of the country, Patelco Credit Union said it has activated its Member Disaster Relief Plan to help more than 1,200 of its members potentially affected by the Russian River flooding in Sonoma County, Calif. An estimated 2,600 homes and businesses have been affected, with damage of at least $155 million expected.
Patelco said its 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 flooding affecting our members in Sonoma County, 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 devastating fires that have swept across northern California in the past few years, 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 terrible disaster.”
Patelco’s Disaster Relief Program includes:
- $500 cash loans at 0% interest
- An additional $10,000 at a very low rate
- ATM surcharge reimbursement
- No early withdrawal penalties on certificates.
- The option to skip a payment.