Centra Extends Tornado Loan Relief, Aids Indiana Co-Ops
Joining in the tornado relief effort, the $968 million Centra Credit Union of Columbus, Ind., said Thursday it is offering cut-rate emergency loans and financial assistance to victims of last Friday’s devastating storms which flattened several southern Indiana communities. In Indiana and Kentucky alone the storms cost 34 lives and millions in property damage.
“We’re just now getting requests for our $1,000 Tornado Relief Loan, an unsecured credit with no payments for six months and 6% rate on 12 months,” said Nan Morrow, director-branch platform sales/brand image.
In addition, Centra, working with Clark County civic leaders, has set up accounts for members to donate to the Red Cross and Salvation Army and is helping downstate rural co-ops set up collection of public contributions.
“We are allowing paid time off for Centra employees who are volunteering for the Salvation Army,” said Morrow.
Centra, she said, feels fortunate that no CU employee suffered injury or losses from the tornado. Centra’s closest branch was in Madison, some distance from Henryville, which took the brunt of the tornado swath.