Golden 1 Credit Union Provides Essential Support for Federal Workers During Shutdown
In a timely response to the challenges posed by the recent federal government shutdown, Golden 1 Credit Union, a leading financial institution, has reaffirmed its commitment to assisting its member base, particularly those working in federal agencies who have been adversely affected by the stoppage of paychecks. The credit union has introduced a Payroll Assistance Loan, specifically crafted to provide immediate financial support to its members facing financial uncertainties as a result of this governmental interruption.
Members eligible for the program can apply for loans of up to $6,000, determined by their monthly verified federal net income. The initiative reflects Golden 1's longstanding philosophy of supporting its community during challenging times, accentuating the institution's dedication to enhancing financial security for its members.
Erica Taylor, Senior Vice President of Community Impact and Public Relations for Golden 1 Credit Union, articulated the importance of this initiative, stating, "Golden 1 recognizes the impact a sudden loss of income can have on individuals and families. Our commitment to members includes providing practical support and resources to help get them through challenging financial times." This empathetic approach not only resonates with members but also reinforces the significant role that credit unions play in fostering economic resilience within their communities.
In addition to the Payroll Assistance Loan, Golden 1 Credit Union has implemented further measures to alleviate the financial burdens on its members. For instance, they have announced that early withdrawal penalties for certificates of deposit will be waived, providing more flexibility for those needing immediate access to their saved funds. Furthermore, the credit union offers loan payment assistance programs, enabling members to temporarily reduce or suspend their loan payments without facing penalties.
To assist its members further, Golden 1 has partnered with SpringFour, a personalized financial health referral platform. This resource provides members access to a wealth of local assistance options, ranging from food security to utility payment support. Additionally, members can benefit from one-on-one financial coaching sessions with qualified professionals at Golden 1, offering tailored advice to navigate through their financial challenges.
Golden 1 Credit Union, boasting over $21 billion in assets and serving more than 1.1 million members, prides itself on its commitment to creating a financially inclusive community in California. The credit union ensures that all its services are designed to meet the diverse needs of its members, particularly during times of crisis like the current federal shutdown. As it actively engages in initiatives aimed at providing relief during financial hardships, Golden 1 continues to stand as a pillar of support for its community, embodying the true spirit of credit unions.
For those seeking more information about the Payroll Assistance Loan or wanting to understand how they can benefit from the resources provided, members are encouraged to visit golden1.com/financial-assistance/government-shutdown. They can also apply for the loan at any local branch or contact the credit union directly at 1-877-465-3361. Through these various initiatives, Golden 1 Credit Union is not just offering financial products but is also fostering a supportive environment that aims to uplift its members during challenging times.
Members eligible for the program can apply for loans of up to $6,000, determined by their monthly verified federal net income. The initiative reflects Golden 1's longstanding philosophy of supporting its community during challenging times, accentuating the institution's dedication to enhancing financial security for its members.
Erica Taylor, Senior Vice President of Community Impact and Public Relations for Golden 1 Credit Union, articulated the importance of this initiative, stating, "Golden 1 recognizes the impact a sudden loss of income can have on individuals and families. Our commitment to members includes providing practical support and resources to help get them through challenging financial times." This empathetic approach not only resonates with members but also reinforces the significant role that credit unions play in fostering economic resilience within their communities.
In addition to the Payroll Assistance Loan, Golden 1 Credit Union has implemented further measures to alleviate the financial burdens on its members. For instance, they have announced that early withdrawal penalties for certificates of deposit will be waived, providing more flexibility for those needing immediate access to their saved funds. Furthermore, the credit union offers loan payment assistance programs, enabling members to temporarily reduce or suspend their loan payments without facing penalties.
To assist its members further, Golden 1 has partnered with SpringFour, a personalized financial health referral platform. This resource provides members access to a wealth of local assistance options, ranging from food security to utility payment support. Additionally, members can benefit from one-on-one financial coaching sessions with qualified professionals at Golden 1, offering tailored advice to navigate through their financial challenges.
Golden 1 Credit Union, boasting over $21 billion in assets and serving more than 1.1 million members, prides itself on its commitment to creating a financially inclusive community in California. The credit union ensures that all its services are designed to meet the diverse needs of its members, particularly during times of crisis like the current federal shutdown. As it actively engages in initiatives aimed at providing relief during financial hardships, Golden 1 continues to stand as a pillar of support for its community, embodying the true spirit of credit unions.
For those seeking more information about the Payroll Assistance Loan or wanting to understand how they can benefit from the resources provided, members are encouraged to visit golden1.com/financial-assistance/government-shutdown. They can also apply for the loan at any local branch or contact the credit union directly at 1-877-465-3361. Through these various initiatives, Golden 1 Credit Union is not just offering financial products but is also fostering a supportive environment that aims to uplift its members during challenging times.
Topics Financial Services & Investing）
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