Solarity Credit Union Offers Urgent Financial Relief to Laid-Off Hospital Employees
January 21, 2020
The abrupt closure of Astria Regional Medical Center this week in Yakima, Washington, created potential hardships for hundreds of local healthcare workers and their families.
In response, Solarity Credit Union has joined with other community businesses to create a financial relief program for those who have lost their jobs.
“Our primary concern is for affected employees and their families — Solarity members and non-members alike,” said Mina Worthington, President and CEO. “Solarity has a long tradition of strong relationships with hospital employees, and we deeply appreciate all they do for our community.”
A key component of the relief program Solarity announced is a temporary loan designed specifically for Astria employees who have been laid off. It features a 90-day delayed first payment, a 5.0% interest rate, and a 36-month repayment period, with loan amounts that can range from $1,000 to $5,000.
“These loans are intended to provide temporary support and create some breathing room for affected employees as they work to reestablish themselves,” Worthington said. “The employees of Astria Regional Medical Center were given little opportunity to plan or prepare for the hospital’s sudden closure, and Solarity is honored to be able to help support them through this unexpected transition.”
Credit unions make it a priority to help their members and communities, in good times and challenging ones.
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