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Veridian Credit Union Offers Interest-Free Loans to Striking John Deere Workers

The loans are meant to ease the financial burden caused by the ongoing labor strike.

Iowa map Source: Shutterstock.

More than 10,000 John Deere workers have been on strike in Iowa, Illinois, Kansas, Colorado and Georgia since Oct. 14 after the employees’ union, the United Auto Workers, rejected a contract offer from the company.

This week, the Waterloo, Iowa-based Veridian Credit Union ($5.6 billion in assets, 270,225 members) announced it will offer interest-free Financial Hardship Loans to current members who are among those John Deere employees on strike.

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times.

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