JANESVILLE, Wis. – The Chrysler shutdown may top the economic bad news but the $300 million Blackhawk Community Credit Union is girding for the worst in this already hard-hit General Motors town.
The credit union is preparing for the Dec. 23 closure of the GM Assembly Plant and perhaps four supplier firms.
The Janesville CU in November instituted a holiday halt on first mortgage foreclosures lasting through Jan. 9 and separately waived interest on restructured loans under its "C.A.R.E" program standing for "Credit Advance to Restructure and Educate."
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