2014 Contract Support Program
ILWU Credit Union has YOUR back. We have created a program to support your financial needs in the event that the 2014 Contract negotiations result in a work stoppage. Our goal is to provide you with financial peace of mind, so you can concentrate on your contract and be able to vote with your heart instead of your wallet.
Our 2014 Contract Support Program will go into effect in the event of a strike or lockout and includes the following benefits:
2.014%APR* Contract Support Loan
You can apply for a loan of up to $5,000, and the first payment is deferred for 60 days
Deferred Loan Payments
We will defer all current consumer loan payments.
Loan Late Fee Reversal
All consumer loan late fees will be reversed.
Account Fee Reversal
All transactional account related fees (Courtesy Pay, NSF Share Draft or ACH, etc.) will be reversed.
Honoring of Preapproval
Consumer Loan preapprovals sent to ILWU Members will continue to be honored to the 90 day expiration.
This financial assistance program will help members achieve financial stability.
Solidarity has never been more important.
Who is eligible?
All ILWU Members that are also members of ILWU Credit Union and are affected by a strike or lockout during the 2014 contract negotiations. For more information, please contact one of your Member Service Representatives.
*APR(Annual Percentage Rate) and terms effective 01-01-2014 and are subject to change. Approval based on your creditworthiness. Monthly payment per $1,000 borrowed for 14-month term at 2.014% is $84.39. Contract Support Program available only in event of a lockout or strike. Members must provide proof of eligibility to qualify for programs.