Hurricane Sandy: Florists’ Credit Union Offers Special Loans to Connecticut Members
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.