Alliant CU Extends Emergency Relief
CHICAGO -- For Alliant Credit Union, it doesn't matter whether a member is a United Airline employee or not--relief is always ready to go in cases of financial hardships.
That reminder comes after last week's United Airlines announcement that it would have to eliminate 1,600 jobs and remove a total of 100 aircraft from its mainline fleet to keep pace with increased fuel costs. The carrier previously announced that it would cut 500 additional jobs to come by the end of the year.
The $5.3 billion Alliant CU, originally formed to serve United Airlines, has since diversified but continues to count the carrier's employees among its membership. During times of financial crisis, the member assistance program is always available, said Joe McGowean, director of marketing and member communications at Alliant. Loan payment reductions up to 30% are available for members who experience a reduction in household income, a reduction in pay or for those impacted by natural disasters. The credit union also offers free financial counseling and 401(k) rollovers.
"This is what we do for members in general. We believe once a member, always a member, regardless of their employment status," McGowean said. "Alliant is committed to helping members during the various changes in their lives."/