At the same time Pawtucket Credit Union has seen membership andassets swell, it has faced the challenge of helping membersstruggling through a time of high unemployment.
PCU President/CEO Karl Kozak noted unemployment in Rhode Islandis currently 11.5%, the fifth highest in the nation, and has beenas steep as 13%.
“It's definitely had more of an impact on us than some of theneighboring states,” he said. “We've been doing a lot ofmodifications. We've had a modification program in place for closeto two years now. We've helped 150 families and modified more than$20 million in loans, primarily home loans.”
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