Published on September 20, 2019
Community Choice Credit Union Provides Financial Relief to Members Impacted By General Motors Strike
Community Choice Credit Union believes in helping our neighbors across the state achieve the life they desire, which includes providing peace of mind to those who may face challenges associated with the General Motors employee strike.
The Credit Union feels compelled to act, recognizing the opportunity to demonstrate the industry philosophy of “people helping people”, and is providing three financial relief options to existing members, and welcomes new members to take advantage of these resources.
No Fee Skip-a-Pay
The standard fee associated with skipping a loan payment will be waived for impacted members. Members will have the opportunity to delay their regularly scheduled payments at no additional charge.
Certificate of Deposit Access
For members with savings held in a Certificate of Deposit (CD), proceeds from the CD will be transferred to and available within their account, without a fee or interest penalty.
Short Term Installment Loan
Impacted members are invited to apply for an affordable short-term installment loan up to $3,000, providing them with cash to cover necessary day-to-day expenses. The interest rate for this loan is 2.99% APR and offers up to a 12-month repayment term, with no pre-payment penalties. Standard underwriting guidelines apply.
To apply, please call us at 877.243.2528. If you apply online, please note in the application you have been impacted by the General Motors strike.
Eligibility guidelines for these relief options:
- Be a member of Community Choice Credit Union. The relief options are available to new and existing members.
- Provide a paystub as proof of employment.
If you would like to learn more about or take advantage of these offers, or to become a Credit Union member, please visit one of our 22 member centers or call us at 877.243.2528. We’re here to help.