Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
16 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
18 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
18 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
19 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
19 hours ago