The $308 million, 34,900-member CommonWealth One Federal CreditUnion in Alexandria, Va., is offering individualized attention toany of its 34,900 members affected by the federal budget cuts knownas sequestration.
|An online debt analysis and budgeting tool is being offered onthe credit union's webpage anda hotline has been established to allow members to easily contactthe credit union to discuss a solution that fits their needs,CommonWealth One said.
|The first step in the process is for the member to understandtheir financial situation before they can factor in the effects ofsequestration on their income,” the credit union said in itsannouncement.
|“We're here to help our members through the challenges of facinga reduced income,” said Ashley Baldeon, marketing manager. “Wethoroughly support 'people helping people'.”
|CommonWealth One has branches in downtown Washington, D.C., andin Alexandria and Harrisonburg, Va., including at James Madison University, and is open to membership to anyonewho lives, works, worships, goes to school, or volunteers inthe District of Columbia, the cities of Harrisonburg and Alexandriaor Warren and Clarke counties, as well as more than 200 SEGs.
|A number of other credit unions have announced special loan terms formembers affected by the sequestration budget cuts.
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