Community Savings Credit Union Steps up for Workers
Construction work can’t be done from home. The BC Building Trades are advocating with the federal and provincial governments to help provide financial relief for construction workers in these extraordinary times. We have also reached out and been working with our partners at Community Savings Credit Union.
Community Savings is offering a special line of credit for workers facing financial hardship due to the COVID-19 outbreak. This means that those facing job losses can have access to an interest free $2,500 line of credit. Due to the current economic situation, the credit union is maintaining a degree of flexibility for applicants in terms of work history and current employment status–you can apply on EI. Community Savings is offering a suite of other tools to those who do their banking there to relieve the pressure folks are facing right now.
Importantly, these offerings are for current or new members of Community Savings only. Workers must join the credit union in order to leverage these options. This is an easy process and although Community Savings has branches throughout B.C., workers do not need to live near a branch in order to sign up; they can apply on the website.
This help is not intended to replace assistance from the government, but we hope it will provide an extra level of support to those in need right now.
For more information:
Lower Mainland: 604-654-2000