Add Anheuser-Busch Employees' Credit Union, and its AmericanEagle Division, to the growing list of credit unions that areoffering relief to members impacted by Hurricane Sandy.
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The $1.4 billion credit union in St. Louis said its emergencyassistance loan can help members needing extra funds for temporaryliving expenses and repairs until disaster relief or insurancepayments are received.
|The loan is interest free for six months, and then provides anadditional 12-month payment period, according to ABECU/AECU.It is priced at 1% below prime.
|“This is what credit unions are all about, helping people intimes of need. When things happen that are out of a member'scontrol, we're ready to help,” said Dave Tate, vice president ofconsumer lending at ABECU/AECU.
|The 111,000-member credit union said it developed its emergencyassistance loan in January 1994 to provide funds for membersaffected by disasters such as tornadoes, floods and hurricanes.
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