The $160 million, 11,300-member Palisades Federal Credit Union in Pearl River, N.Y., said it is offering low interest rate emergency loans to all Rockland County residents affected by Hurricane Sandy.

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Personal loans are being provided at 50% off standard rates for up to two years and will be processed within 24 hours, the credit union said.

The money “can be used for anything from replacing spoiled food to purchasing a generator to paying for a tree service for removing a fallen tree to making up for lost pay during the storm,” Palisades FCU said in its announcement.

The four-branch credit union also was waiving fees including late payment and overdraft levies and was reimbursing members for ATM fees incurred as they were finding ATMs that had power.

“Hurricane Sandy was a forceful storm that requires a forceful response,” said President/CEO Mark Welshoff. “As a non-profit community credit union, it is our responsibility to do all that we can to support our general community and membership in times of crisis.”