LONGVIEW, Wash. (12/15/15)--In the wake of recent unforgiving rainfall in the Pacific Northwest, Fibre FCU, Longview, Wash., announced it will offer emergency flood loans to affected residents.
Members can take advantage of the loan to help pay for property damage, insurance deductibles, the recovery of personal property, medical needs, emergency equipment and tree removal.
The flood loans carry a 1.99% APR on up to $10,000 for 48 months.
“Our hearts go out to our friends and neighbors who have been affected by the recent flooding,” the credit union said on its website. “We’ve put together a special loan for those who are struggling to put their homes and lives back together. And because we practice Rate Equality, everyone who qualifies receives the same low rate.”
The heavy rains have soaked large swaths of the Northwest, forcing highways to close, causing mudslides and flooding rivers. At least nine locations have reported more than 24 inches of rainfall this month (Weather.com Dec. 12).
When devastating floods hit parts of Texas and Oklahoma earlier this year, disaster preparedness firm Agility Recovery released a set of tips credit unions can follow to ensure they’re ready in case of an emergency. Agility is a CUNA Strategic Services strategic alliance provider.
The tips included: