COLUMBUS, Ind. (3/8/12)--Centra CU, Columbus, Ind., has put in place several initiatives to help victims of tornadoes that struck Indiana Friday.
Christi Lee, left, and Amber Vogt are among Centra CU employees who took paid time off to volunteer for the Salvation Army to help victims of the tornadoes that struck Indiana last weekend. Centra CU, Columbus, Ind., is offering aid to tornado victims through emergency loans and donations. (Photo provided by Centra CU)
The credit union is offering a tornado-relief loan designed as an emergency fund for members who have sustained tornado damage. The loan is $1,000 unsecured with no payments for six months. It is offered at 6% annual-percentage rate (APR) for six months; 7% APR for 24 months; and 8% APR for 36 months. Members also can apply for additional funds.
Centra CU has established accounts for members to make donations to the American Red Cross or Salvation Army, two of the primary organizations providing disaster assistance in southern Indiana.
The credit union is working with the Clark County Rural Electric Membership Corp. to set up an account for rural cooperatives to aid the tornado relief efforts.
Centra is providing employees paid time off to volunteer for the Salvation Army.
At least 42 tornadoes swept across 10 states on Friday, the National Weather Service said.