Hurricane Sandy: GrooveCar, Long Island CUs Defer Members’ Car Payments
Members of six Long Island, N.Y., credit unions who are still dealing with the aftermath of Hurricane Sandy now have the option to defer their auto payments up to 90 days.
GrooveCar Inc., a Hauppauge, N.Y.-based auto services firm, said its dealership networks and the credit union partners are offering a 60 or 90 day deferral payment option for both new and pre-owned vehicles, including balloon and retail auto loans.
GrooveCar has teamed up with the $5 billion Bethpage FCU, $858 million Island FCU, $1.9 billion Nassau Educators FCU, $385 million Nassau Financial FCU, $235 million People’s Alliance FCU and $4.6 billion Teachers FCU.
“What nature has wrought to Long Island is something we cannot easily remedy but this concerted effort will, we feel, make a small, but discernible dent in the pockets of our credit union clients and their members,” said GrooveCar President David Jacobson.
GrooveCar provides automobile and automotive services and products including shopping, buying, leasing, financing, ownership for credit unions and members, as well as access to motorcycles, recreational vehicles and boats.