by Chelsea Springli Wentzville, MO (October 16, 2019) – 1st Financial Federal Credit Union is offering a wide array of relief options to its members who have been impacted by the General Motors Strike.
1st Financial’s Strike Loan is a no interest, no fee loan for current 1st Financial members who work for General Motors and have direct deposit at the credit union. This loan has a maximum amount of $6,000 and a one to 12-month term.
“We put our members and community first and we know that some of our members might be experiencing financial strain during this time” said 1st Financial Chief Lending Officer, Michelle Rosner. “We created the Strike Loan to help bridge the gap and cover necessary expenses like utilities, food, insurance, etc.”
Alongside the strike loan, 1st Financial is offering debt consolidation, refinancing options, financial counseling, and their loan “Skip-A-Pay” program to members. The skip-a-pay program allows members who qualify, to skip their loan payment when they need a little extra cash.
1st Financial membership is open to anyone who lives, works, worships, attends school, or regularly conducts business in St. Louis City, St. Louis County, and St. Charles County.
Rosner went on to say, “It’s our hope the strike will end very soon. In the meantime, we are here to help.”
For more information about 1st Financial Federal Credit Union and the credit union difference, visit www.thebetterwaytobank.org.
About 1st Financial Federal Credit Union
Established in 1968, 1st Financial Federal Credit Union is full-service financial cooperative whose mission is to improve the financial well-being of its members. Membership is available to anyone who lives, works, or worships within St. Charles county, St. Louis county, or the City of St. Louis. For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.