Home East africa economy VyStar Announces COVID-19 Loan Relief Programs

VyStar Announces COVID-19 Loan Relief Programs

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JACKSONVILLE, Florida – VyStar Credit Union on Tuesday announced several loan relief programs designed to reduce the stress members may experience due to job loss or other losses that make it difficult to meet their immediate financial obligations.

“We recognize the financial pressure many of our members are experiencing due to concerns over the coronavirus and we want them to know that we are there for them,” VyStar said in a statement announcing the program. “VyStar wants the best for our members, our employees and the communities we serve. Together, we will go through these difficult times. “

At the same time, VyStar is working on a partnership with the city of Jacksonville to help keep local businesses afloat.

At a virtual city council meeting on Tuesday, Mayor Lenny Curry announced he would soon be submitting legislation to partner with the VYSTAR credit union that could help keep local businesses afloat.

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“To help businesses stay busy and retain employees, we are looking at a $ 20-30 million program with a combination of grants, interest payments, and potential aid for the loan principle,” he said. said Curry. “It is my intention that the city portion of this program will focus on small business, with some elements related to employee retention.”

Personal Assistance Programs have been implemented so that members can focus on what matters most during this critical time: their health and that of their loved ones.

VyStar relief programs are associated with the following:

  • Consumer loans and credit cards

  • Mortgages

  • Commercial loans

  • Fees and service charges

Some of these programs are automatic and others require members to take further action and provide documentation. For more details, qualifications and next steps, please visit www.vystarcu.org/coronavirus.

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