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News Now

CU System
S.C. plant lays off 200 CU offering help
ABBEVILLE, S.C. (8/20/12)--A South Carolina credit union is offering financial assistance to its members affected by a layoff of roughly 200 employees at a flooring manufacturer.

Greater Abbeville (S.C.) FCU expects about 60 members will be among the 200 employees at Mohawk Industries plant in Calhoun Falls affected when the plant shutters its facility at the end of September, said Faye Crocker, CEO of the credit union (Anderson Independent-Mail Aug. 16). 

The credit union said it will:

  • Refinance loans to lower monthly payments, with 60 days of no payments upon refinancing;
  • Help members who are seeking new jobs to find other loan options; and
  • Offer free financial counseling to take members through the process of creating a budget and managing expenses on a reduced income while looking for new employment.


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