#United States #Wildfire Relief #CU SoCal #Anaheim Hills #Helping Hands

CU SoCal Pledges $1.25 Million for Wildfire Relief

In response to the recent wildfires ravaging Southern California, the Credit Union of Southern California (CU SoCal) is taking significant strides to support the affected communities. With a commitment of $1.25 million in interest-free loans and a donation of $10,000, CU SoCal demonstrates its dedication to enhancing the lives of those in distress. This initiative aligns with the organization’s mission of "Building Better Lives."

Understanding the Impact of Wildfires

Southern California has been battling intense wildfires that not only threaten homes but also instill fear and uncertainty within communities. As families grapple with the aftermath, financial support becomes crucial. Recognizing this need, CU SoCal has established various relief programs tailored to assist individuals and households affected by the fires.

Financial Aid Offered

The recent financial assistance package from CU SoCal comprises interest-free loans designed to ease the burden on impacted families:

• - Emergency Essentials Loan: This option allows those affected by the fires to borrow up to $1,500, interest-free for six months. Additionally, there are no payments required for the first 60 days, and this loan does not require a credit history.
• - Wildfire Relief Loan: Members have the opportunity to access up to $5,000 per household at 0% interest for a full year, again with no payments for the initial 60 days.
• - Loan Deferrals: For existing CU SoCal members, deferment options are available, allowing immediate financial flexibility to meet urgent needs, including temporary housing.

This comprehensive approach aims not only to provide immediate financial relief but also to empower families to focus on rebuilding their lives without the added stress of financial obligations.

Enabling Community Contributions

In addition to its direct financial support, CU SoCal is mobilizing its team members to contribute to the CU Aid fund, which specifically helps individuals in times of crisis. They’re encouraged to donate, with the organization’s Helping Hands charitable foundation matching employee donations made by January 17, up to $5,000, effectively doubling the impact of their contributions.

“Through our financial relief programs and our donation to CU Aid, we aim to provide immediate and meaningful assistance to those affected by the wildfires,” stated Dave Gunderson, the President and CEO of CU SoCal.

Supporting the CU SoCal Team

CU SoCal understands the challenges faced by its own team members during these turbulent times. To promote the health and well-being of employees, they are offering reimbursements of up to $100 for purchasing personal air purifiers. For employees who may have difficulty affording these purifiers upfront, CU SoCal will facilitate the purchase, ensuring they can safeguard their health amid poor air quality.

Additionally, the Helping Hands program is available to support team members and their families directly impacted by the fires, demonstrating CU SoCal’s holistic approach to community welfare.

Moving Forward

CU SoCal’s commitment amidst the wildfires goes beyond financial aid; it embodies a broader vision of community resilience and support during crises. For those interested in learning more about the relief efforts or available financial assistance, CU SoCal encourages them to visit CUSoCal.org.

About Credit Union of Southern California

Founded in 1954 as Whittier Area Schools Federal Credit Union, CU SoCal serves those who live, work, worship, or attend school in the counties of Los Angeles, Orange, Riverside, and San Bernardino. With over $2.8 billion in assets and nearly 155,000 members, CU SoCal holds a strong reputation within the community, reflected in its five-star financial rating from BauerFinancial.

Through community engagement and supportive actions, CU SoCal is proving that in times of trouble, standing together can foster recovery and hope.