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News Now

CU System
California CUs report update on wildfire impact
RANCHO CUCAMONGA, Calif. (11/21/08)--Several California credit unions reported to the California Credit Union League that members lost their homes in recent wildfires. The fires affected Los Angeles, Orange, Santa Barbara and Riverside counties. Tens of thousands of California residents were forced to evacuate their homes (News Now Nov. 18). Kinecta FCU, Manhattan Beach, told the league that one member lost a home in a fire that hit the Montecito/Santa Barbara area. The credit union is working with the member, Tina Ramos-Ingold, California league public affairs coordinator, told News Now. SchoolsFirst FCU, Santa Ana, said it heard from two members who lost homes. The credit union is working with the members individually. SchoolsFirst also placed information on its website to let members know that assistance is available, Ramos-Ingold said. Wescom CU, Pasadena, is offering members emergency fire loan assistance. The personal, unsecured loan is available up to $5,000 with no payment due for 90 days. The loan has a fixed interest rate of 8.90% with interest waived the first 90 days. The maximum term is 60 months, the credit union said on its website.


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