Patelco CU Offers Financial Help for Russian River Flood Victims

Patelco Credit Union has activated its Member Disaster Relief Plan to aid more than 1,200 members potentially affected by the Russian River flooding in Sonoma County, California.

Patelco’s Disaster Relief Program provides immediate access to financial resources to any member in good standing who has been affected by natural disasters. This program includes access to no- or low-cost loans, reimbursement of non-network ATM fees, deferred loan payments, and more.

“With the flooding affecting our members in Sonoma County, we are here to provide financial assistance and peace-of-mind through our Disaster Relief Program,” said Patelco’s President and CEO, Erin Mendez. “From our experience with the devastating fires that have swept across northern California in the past few years, we know that our members will be needing support, and we will continue to act as a resource for them in the face of this terrible disaster.”

Patelco encourages members living in the affected areas who have experienced temporary displacement or damage due to flooding to call 1-800-358-8228 to find out more about the support available through the Disaster Relief Program.

Disaster Relief Program Details:

• $500 cash now. Personal loans at zero-percent interest.
• An additional $10,000 at a very low, special disaster relief rate.
• ATM surcharge reimbursement. Members can use any ATM anywhere, and Patelco will reimburse ATM fees.
• No early withdrawal penalties. Patelco will waive early withdrawal penalties for members who withdraw their respective share certificates.
• Skip a loan payment. Members can skip a payment for one month on any personal, credit card, auto, boat and RV loans.

About Patelco Credit Union

Pleasanton, Calif.-based Patelco Credit Union is a not-for-profit credit union committed to serving the financial health and wellbeing of its membership. With more than 340,000 members primarily in and around northern California, Patelco is committed to fueling hope and opportunity for its members by offering personalized solutions, advice, and expertise that empower them to achieve personal financial freedom. Founded in 1936 with $500 in assets by employees of the Pacific Telephone and Telegraph Company, Patelco is in the top one percent of U.S. credit unions with more than $6.7 billion in assets. For more information, visit https://www.patelco.org/.