
Coronavirus Relief
We’re here for you
The Coronavirus (COVID-19) is impacting us all. As your credit union, we are taking steps to provide you with financial peace of mind.
Coronavirus Relief Measures
Your safety and well-being are our top priority. That includes your financial well-being. We have implemented relief measures to help our members experiencing a loss of income during this challenging time. The measures include:
- Emergency Loan Program[1] Apply Here
- Payment Extension[2]
- Skip-a-Pay Option[3]
- Interest-Only Payment Options[4]
Safe Banking Practices
To avoid public places during this time, please consider using online banking and our mobile app which provides secure, 24-hour access to your accounts so you can transfer funds, deposit checks and pay bills.
If you’re in need of personal assistance, please call White Rose Credit Union (888)755.9773.
Disclaimer
[1] Emergency Loan Program Reduced interest rate, 60 days until the first payment. Some restrictions apply.
[2] Payment Extension If you are unable to make the first loan payment (on an emergency loan) on the 60th day due to the COVID-19 issues, WRCU will consider a one-time payment extension. However, members must pay a minimum of the interest accrued to-date.
[3] Skip-a-Payment Option White Rose Credit Union will waive the $25 fee for using the skip-a-payment option if you are directly impacted by the COVID-19 outbreak. The restriction of using the skip-a-payment one time per year will be lifted during this time.
[4] Interest Only Payment Options Based on a case by case basis, White Rose Credit Union will approve interest-only payments and extensions for hardships during the outbreak.
Requirements for Emergency Loan application requests:
- Complete credit application including new credit report
- Recent paystub
- Evidence of how the member is impacted, including date of return to work including but not limited to:
-Official letter or notice from employer describing terms of work restrictions member is facing.
-Notice from a licensed health care provider describing that the member is required to be quarantined.
-Written approval from borrower’s employer stating that the borrower’s employment status will not be impacted due to absence from work
-Other stipulations may be required by Underwriting