Search
 

USC Makes Emergency Fire Loans Available

LOS ANGELES - Members of the $191 million USC Credit Union will now be able to apply for emergency loans of up to $5,000 to help defray some of the expenses they might have incurred in the recent Southern California fires. "The Credit Union is a non-profit service corporation. We're...

By Staff Writer | Updated on November 18, 2003

LOS ANGELES – Members of the $191 million USC Credit Union will now be able to apply for emergency loans of up to $5,000 to help defray some of the expenses they might have incurred in the recent Southern California fires. “The Credit Union is a non-profit service corporation. We’re here simply to benefit our members,” said Gary Praz, USC CU’s CEO. “If our members have a need, we should help them meet it.” The wildfires burned 750,000 acres and destroyed 3,500 homes, the Los Angeles Times reported. To apply for the loan, applicants must have suffered damage to property, family injuries or loss of life. They must be eligible for USC CU membership, which includes students, faculty, staff and alumni of USC as well as other select employee groups. The loans are at the current prime interest rate level, with no rate change for 36 months and no repayment penalties.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.