Credit Unions in California Provide Loan Relief For More Than 350,000 Members

Since California has issued its “stay-at-home” order, the state’s credit unions have provided hundreds of thousands of their members relief from mortgages, auto loans, credit card payments and business loans.

Recent data from more than half of the credit unions in California indicate that:

  • 12,623 mortgage payments have been extended
  • 331,763 consumer loans (auto and credit card) have been extended
  • 1,087 business loans have been extended
  • 350,000 total members have been assisted

For a more comprehensive look at how credit unions in the state have assisted their members, click here.

Credit unions have a legacy of assisting our members during times of hardship—from natural disasters, to recessions, to government shutdowns—and this crisis is no different,” said Diana Dykstra, president and CEO of the California Credit Union League, the trade association for credit unions in the state.

Credit unions are not-for-profit banking cooperatives, owned by their members.

To speak with a local credit union CEO, please contact Tina Ramos-Ingold, media relations specialist with the California Credit Union League, at 909.212.6050.