Local Government Federal Credit Union has come up with a creative way to help members who have lost their jobs.
To help ease the stress, the Raleigh, N.C.-based credit union has added unemployment protection to its share term certificates. Members now have the option of withdrawing funds from their share term certificates early without penalty. According to LGFCU President Maurice Smith, the solution is a benefit "that works for our members, even if they aren't."
The move is a timely one as the current North Carolina unemployment rate is about 11%.
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