The $160 million, 11,300-member Palisades Federal Credit Unionin Pearl River, N.Y., said it is offering low interest rateemergency loans to all Rockland County residents affected byHurricane Sandy.
- SANDY NEWS: Nov. 6, 2012: NFIP Likely to Need More BorrowingAuthority
Personal loans are being provided at 50% off standard rates forup to two years and will be processed within 24 hours, the creditunion said.
|The money “can be used for anything from replacing spoiled foodto purchasing a generator to paying for a tree service for removinga fallen tree to making up for lost pay during the storm,”Palisades FCU said in its announcement.
|The four-branch credit union also was waiving fees includinglate payment and overdraft levies and was reimbursing members forATM fees incurred as they were finding ATMs that had power.
|“Hurricane Sandy was a forceful storm that requires a forcefulresponse,” said President/CEO Mark Welshoff. “As a non-profitcommunity credit union, it is our responsibility to do all that wecan to support our general community and membership in times ofcrisis.”
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