SACRAMENTO, Calif. (9/21/15)--California Department of Business Oversight (DBO) Commissioner Jan Lynn Owen called on state-chartered credit unions and banks to step up and lead efforts to help those areas in Northern California that have been ravaged by wildfires in recent months (RealEstateRama Sept. 17).
Owen urged financial institutions in Amador, Calaveras, Lake, and Napa counties to:
“Our banks and credit unions are more than financial institutions,” Owen said in a statement (RealEstateRama). “They’re citizens of the communities in which they do business. I know they will come through, do their part, and more.”
A number of Californian credit unions already have initiated relief efforts in areas that have been hit by wildfires, including Redwood CU, Santa Rosa; Mendo Lake CU, Ukiah; Bay FCU, Capitola; and Golden 1 CU, Sacramento.
The California Credit Union League also continues to ask credit unions to provide whatever support they can to affected communities.
“We are marshaling credit unions across California to aid in helping those affected by this destruction,” Diana Dykstra, California Credit Union League president/CEO, said last week. “Credit unions believe when one suffers we band together to help and service their communities. Some of our credit unions are in these local communities, and they truly need us now.”