The Florist Federal Credit Union is offering special loans to members of the Connecticut Florist Association affected by Hurricane Sandy.
The CFA is one of eight charter members of the $7 million, 888-member credit union, chartered in 1969 to serve the floral industry. It moved from its original home in Midland, Texas, to Roswell, N.M., in 1973 because the volunteer manager had a floral shop there.
The Connecticut Florist Support loans are from $1,000 to $10,000 and available to CFA-member retail shops for temporary capital needs, inventory replacement, payroll and minor cleanup, and they carry low rates and extended terms, said Kenn Bell, manager/CEO of The Florist CU.
“Credit unions are in unique positions to help. We all can and do positively affect the lives of our members,” Bell said.