Over the next few days, some credit unions will likely shift their focus to helping members affected by Hurricane Sandy by waiving certain fees and offering extensions on loan payments.
Although based in Hawthorne, Calif., the $356 million SkyOne Federal Credit Union serves the air transportation industry including government employees who work directly in the administration, regulation, or security of airlines, airports, or air transportation, such as the Federal Aviation Administration, Transportation Security Administration, National Transportation Safety Board, and airport authority offices. The cooperative also serves airline employees.
SkyOne said it will offer $5,000 disaster recovery loans with a 0% annual percentage rate. Funds can be available within one day of the applicant's request. After 90 days, the loan is converted to a personal loan with terms up to 48 months.
The credit union said it is also offering a 90-day payment extension on any additional SkyOne loans and it will waive penalties for early withdrawal from SkyOne certificates. Members can also get a free supply of checks to replace lost or damaged checks and a free replacement Visa credit card or check card.
“Our hearts go out to you and other members who are in the path of Hurricane Sandy. In this time of crisis, rest assured we're here to help,” SkyOne said.
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- SANDY NEWS Oct. 29, 2012 New Englanders Shut Down, Ohio on Guard
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- SANDY NEWS Oct. 29, 2012 Ongoing Operations Says Client CUs Ready
- SANDY NEWS Oct. 29, 2012 National Federation, MCU Shut in New York
- SANDY NEWS Oct. 29, 2012 Blizzard Begins in West Virginia
- SANDY NEWS Oct. 29, 2012 Navy Federal Closes 20 Branches
- SANDY NEWS Oct. 29, 2012 Connecticut League, Pa. CUs Closed
- SANDY NEWS Oct. 29, 2012 Washington Hunkered Down
- SANDY NEWS Oct. 29, 2012 Storm Shuts Stock Exchanges
- SANDY NEWS Oct. 29, 2012 Help CU Times Cover the Storm
- SANDY NEWS Oct. 29, 2012 PSCU Offers Call Center Help
- SANDY NEWS Oct. 29, 2012 PCUA, Virginia Closings as Storm Looms
- SANDY NEWS Oct. 26, 2012 NCUA Issues Warning, Pledges Help
- SANDY NEWS Oct. 26, 2012 CUNA Mutual, Leagues Brace for Storm
- SANDY NEWS Oct. 26, 2012 NC, RI, NY Leagues Warily Eye Sandy
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