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CU System
Maine CU ready to help workers after plant closes
PITTSFIELD, Maine (3/27/14)--Sebasticook Valley FCU, with $78 million in assets, Pittsfield, Maine, has extended an offer of assistance to its membership after a business announced plans to shut down a local plant next year.
 
Last week, United Technologies Corp. (UTC) announced that it is closing its plant in Pittsfield, costing the state about 300 jobs ( The Washington Times March 19). The plant will close in March 2015. UTC provides technology products and services to the global aerospace and building systems industries.
 
Within days of the announcement, Sebasticook Valley FCU contacted affected members to offer support, such as loan restructuring or budgeting.
 
"We looked in our database to find members that were employed there and sent a letter out telling them if they needed anything or if they had any questions we would be here to help," President/CEO James Lemieux told News Now .
 
About 150 to 200 UTC employees are members of the credit union, Lemieux said.
 
A few members have already taken the credit union up on the offer, he said.
 
A local television station also ran a story about Sebasticook FCU's offer of support. To view the story, use the link.  
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