Patelco Activates Disaster Response Plan For Members Affected by Hurricane Harvey

PLEASANTON, Calif. – September 1, 2017 — Patelco Credit Union has activated its Member Disaster Relief Plan to aid its members affected by Hurricane Harvey and the catastrophic flooding in Texas and Louisiana. In addition, the credit union is donating $5,000 to the National Credit Union Foundation through its disaster relief system called CUAid.coop, which will directly benefit credit union people affected by the storm.

Patelco’s Disaster Relief Program provides immediate access to financial resources to members in good standing affected by a natural disaster such as Hurricane Harvey. This program includes access to no-or low-cost loans, reimbursement of non-network ATM fees, deferred loan payments and more.

“With the aftermath of Hurricane Harvey affecting around 1,000 Patelco members throughout Texas and Louisiana, we are ready to help,” said Patelco’s President and CEO, Erin Mendez. “Despite the catastrophic flooding and damage caused by Harvey, we will continue to act as a resource for our members and the broader credit union community through the Patelco Disaster Relief Program and CUAid.coop.”

Patelco encourages members living in the affected areas who have experienced temporary displacement or damage due to Hurricane Harvey, to call 1-800-358-8228 to find out more about the support available through the Disaster Relief Program or visit online at https://www.patelco.org/News/

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.
• Deferred loan payments. Members can defer their payments for more than one month depending on the loan type.

About Patelco Credit Union

Pleasanton, Calif.-based Patelco Credit Union is a not-for-profit credit union committed to serving the financial health and well-being of its membership. With more than 310,000 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 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, ranking 24th in the nation and the sixth largest in California with more than $5.6 billion in assets. For more information, visit https://www.patelco.org/.