RADCLIFF, Ky.–In the wake of the devastating tornadoes in this state, Abound Credit Union is matching donations and offering two storm-relief lending options to help Kentucky storm victims, and is also offering storm-relief loans.
Abound said it will match up to $5,000 in donations made by Dec. 31, 2021. Members, and others who want to make a difference, may donate by phone, at a local branch or online within the secure message portion of online or mobile banking. All donations received by Dec. 31, 2021 will be split 50/50 between the Warren County Public Schools Synergy Relief Fund (operated by Warren County Public Schools) and the Caring for Kids Tornado Relief Drive (operated by Taylor County Schools).
In addition, Abound is also offering two storm-relief loan options. Personal loans up to $25,000 or personal lines of credit up to $15,000 are available. Storm victims with immediate cash needs are being encouraged to apply for an Abound personal loan to take advantage of quick approval, flexible payments and up to 90 days until their first payment, the credit union said.
Those impacted who want access to cash “just in case” are encouraged to apply for the personal line of credit option. Once approved, the line of credit may be drawn upon as needed up to the applicable limit, Abound added.
‘We are Here to Help’
“As many Kentuckians navigate the hardships due to recent tornadoes in Kentucky, we are here to help,” said Ray Springsteen, president & CEO of Abound Credit Union. “Our loan experts are caring people who have the flexibility to work through unique situations based on individual needs. Our team members are also part of the local communities we serve, so understand what many of our neighbors are going through right now.”
In addition to assisting with new loans, the $2-billion Abound said it is also helping members impacted by the storms with existing loan payment deferrals.