You are the owner of this article.
You have permission to edit this article.
Edit
Biz Buzz: Redwood Credit Union offers assistance programs and donation to COVID-19 relief efforts
Biz Buzz

Biz Buzz: Redwood Credit Union offers assistance programs and donation to COVID-19 relief efforts

{{featured_button_text}}
Redwood Credit Union

Redwood Credit Union

Redwood Credit Union (RCU) is responding to the recent COVID-19 outbreak and shelter-in-place orders by offering support to its members in a variety of ways, said a news release.

All branch locations are open, and following health and safety guidelines from the Centers for Disease Control and Prevention.

Assistance programs are available to support impacted members, including:

  • 0% interest rate loans up to $5,000 for impacted businesses and individuals that are current RCU members (first loan payment may be deferred up to 90 days).
  • 90-day payment deferrals on all consumer, credit card, mortgage and business loans.
  • Waiving all late fees over the next 90 days.
  • Loans will not be reported as delinquent to the credit bureaus during any payment deferral period.
  • Early withdrawals from RCU certificates without any penalty.
  • Other financial assistance tailored to the member’s individual situation.

In addition Redwood Credit Union is distributing $800,000 in grants to more than 45 nonprofit organizations across Lake, Marin, Mendocino, Napa, San Francisco, and Sonoma counties. A list of these grantees is available on RCU’s website at redwoodcu.org/nonprofit-grant-recipients.

“We know people are struggling right now because they have lost jobs or had hours reduced, and don’t know how they’ll make ends meet,” said Brett Martinez, president and CEO of Redwood Credit Union. “We hope these grants make a difference in helping our nonprofit partners who are working hard to meet a significant surge of need due to this crisis.”

Info: redwoodcu.org/coronavirus, 800-479-7928

You can reach Jennifer Huffman at 256-2218 or jhuffman@napanews.com

The business news you need

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Business Editor

Jennifer Huffman is the business editor and a general assignment reporter for the Napa Valley Register. I cover a wide variety of topics for the newspaper. I've been with the Register since 2005.

Related to this story

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News