ANAHEIM
HILLS, Calif., Jan. 10,
2025 /PRNewswire/ -- Credit Union of Southern California (CU SoCal) is taking
meaningful action to support those affected by the devastating
wildfires raging across Southern
California. In line with its mission of Building Better
Lives, CU SoCal has pledged a $10,000
donation to CU Aid, a fund dedicated to helping credit unions,
their employees, and their communities during times of crisis. In
addition to the $10,000 donation, CU
SoCal is encouraging its team members to contribute to CU Aid.
Helping Hands, CU SoCal's charitable foundation, will match all
employee donations made through January
17, up to $5,000, doubling the
impact of their contributions.
To further support recovery efforts, CU SoCal is making
$1.25 million in interest-free loans
available to assist those impacted by the wildfires. These loans
are designed to provide financial relief and peace of mind,
allowing individuals and families to focus on rebuilding their
lives.
Relief Loan Options Include:
- Emergency Essentials Loan: Those impacted by the fires
can borrow $1,500 at 0% interest for
six months with no payments for 60 days and no credit history
requirement.
- Wildfire Relief Loan: Members can access up to
$5,000 per household at 0% interest
for 12 months with no payments for 60 days.
- Loan Deferrals: Defer payments on existing loans
are available to free up funds for urgent needs like temporary
housing or other critical expenses.
"We are deeply committed to supporting our neighbors during this
challenging time," said Dave
Gunderson, President/CEO of CU SoCal. "Through our financial
relief programs and our donation to CU Aid, we aim to provide
immediate and meaningful assistance to those affected by the
wildfires."
Additional Support for CU SoCal Team Members
CU SoCal is also taking proactive measures to ensure the health and
wellbeing of its team members during this crisis. To address air
quality concerns, CU SoCal is offering reimbursements of up to
$100 for the purchase of a personal
air purifier for team members. For those unable to upfront the cost
of a purifier, CU SoCal will facilitate the purchase on their
behalf.
Additionally, CU SoCal's Helping Hands program is available to
assist team members and their families directly impacted by the
fires.
For more information about CU SoCal's wildfire relief efforts or
to learn more about available financial assistance, visit
CUSoCal.org.
About Credit Union of Southern
California (CU SoCal)
Founded in 1954 as Whittier Area
Schools Federal Credit Union, CU SoCal is a credit union open to
those who live, work, worship, or attend school in Los Angeles, Orange, Riverside and San
Bernardino counties. CU SoCal has a superior five-star
financial rating from BauerFinancial, holds more than $2.8 billion in assets, and serves nearly 155,000
Members. For more information, visit CUSoCal.org.
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SOURCE Credit Union of Southern
California
