In the wake of Hurricane Sandy, the $294 million, 27,000-member Belvoir Federal Credit Union has offered members emergency assistance.

To help alleviate members' stress over finances, the Woodbridge, Va., credit union has extended a waiver and/or credit of fees for any late loan payment fee for consumer and home equity loans as well as overdraft fees.

The fees will be waived and/or credited for Monday and Tuesday, the credit union said.

“When Hurricane Sandy swept through our area, she left thousands without power and certain streets flooded. We are offering these emergency assistance options as a way to bring relief to our members,” said CEO Patricia Kimmel.

Members must contact the credit union before close of business on Nov. 7, the credit union said.

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:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
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.