PORTSMOUTH, N.H. — Given recent localized flooding, Northeast Credit Union has launched the Relief Loan Program–Neighbors Helping Neighbors.

The program is designed to help all homeowners and renters in the community impacted by the floods of spring 2007 get back on their feet by helping them make necessary purchases and repairs.

“In many cases, our neighbors did not have flood insurance that will cover all of the damages sustained by the recent storm surges,” said Peter Kavalauskas, president/CEO of NECU. “By reacting quickly, we are offering the Relief Loan Program to provide everyone in the community with another financial option while they may be waiting for government programs, private insurance or similar funding to rebuild their homes and their lives. We are pleased to offer this type of service to all of the people who need it. This type of service is what credit unions are all about–'people helping people.'”