NOTRE DAME, Ind., September 13, 2016 Notre Dame Federal Credit Union (Notre Dame FCU) today announced that it will provide $500,000 in special flood relief loans to its members impacted by flood damage.
Notre Dame FCU President and CEO Tom Gryp said that Michianas 2016 Favorite Financial Institution will stand by its local community as it rebuilds from recent heavy rains. "The devastating effects of recent flooding has created significant hardships for many area residents," Gryp said. "We are proud to take the lead in providing much-needed relief for our local credit union members."
With Notre Dame FCUs new Community Action Recovery or CARE Program, eligible members will be able to defer up to three months of payments for existing auto and credit card loans. In addition, Notre Dame FCU members impacted by area flooding can apply for a new $5,000 loan with 90 days of no payments, no loan fees, and a 1.99% APR to help members through this difficult time.
Gryp said he hopes the new CARE Program will provide immediate assistance to those who need it. "The last thing a person needs when dealing with a flooded home is worrying about making loan payments and wondering where they will get the extra funds to replace appliances, furniture and clothing for their family."
He added, "Our members believe in us and we believe in them. This Program simply demonstrates that we take this mutual commitment and loyalty very seriously."
For more information about the CARE Program, call (800) 522-6611.
About Notre Dame FCU
Notre Dame Federal Credit Union is a not-for-profit financial cooperative. With assets in excess of $470 million and over 52,000 members worldwide, Notre Dame FCUs dedicated partners (employees), coupled with a wide array of financial services, provide members a personalized experience through the credit unions nine convenient branch locations, its virtual branch (Shamrock Center), and through its robust online banking platform and mobile apps.
