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Credit Union of Southern California makes $1.25 million in interest-free loans available to assist those impacted by wildfires

11 January 2025 17:40 (UTC +04:00)

Credit Union of Southern California (CU SoCal) is making $1.25 million in interest-free loans available to assist those impacted by the wildfires, APA reports citing NBC4.

According to the report, these loans are designed to provide financial relief and peace of mind, allowing individuals and families to focus on rebuilding their lives.

In line with its mission of Building Better Lives, CU SoCal has pledged a $10,000 donation to CU Aid, a fund dedicated to helping credit unions, their employees, and their communities during times of crisis. In addition to the $10,000 donation, CU SoCal is encouraging its team members to contribute to CU Aid. Helping Hands, CU SoCal's charitable foundation, will match all employee donations made through January 17, up to $5,000, doubling the impact of their contributions.

"We are deeply committed to supporting our neighbors during this challenging time," said Dave Gunderson, President/CEO of CU SoCal. "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."