In the wake of catastrophic flooding across the Four Corners Region in New Mexico and Colorado, Sunward Federal Credit Union has activated a member assistance program while donating $10,000 to support recovery efforts across the region.
Heavy rainfall across the Four Corners in late October caused significant flooding, impacting thousands of homes and businesses and affecting over 17,000 Sunward members in San Juan County, New Mexico, and La Plata County, Colorado.
Communities in Santa Fe were also affected by an EF-1 tornado, which damaged at least 10 homes and caused more widespread impact by harming power poles and uprooting trees.
In response, Sunward has activated its Member Assistance Program for affected members in both the Four Corners region and in Santa Fe. The program, available to Sunward members, includes:
- Relief Loans for up to 3 months net pay.
- Waived penalties for early Term Certificate withdrawals.
- Waived non-sufficient funds and penalty fees for overdrafts.
- Skip a payment on a signature loan or auto loan.
- Loan modification on mortgages.
- Increasing Courtesy Pay Limit to $2,500.
More details on the Sunward Member Assistance Program are available at gosunward.org/member-assistance-program/.
In addition to its Member Assistance Program, Sunward has also supported charitable efforts dedicated to helping families and individuals recovering from flooding impacts.
Sunward donated $10,000 to the San Juan United Way Flood Relief and Recovery Fund. The credit union also held a donation drive for employees to contribute recovery items like bottled water and non-perishable food, provided directly to Sunward branches in the Four Corners area.
“We're heartbroken by the devastating impacts in Farmington, Durango, and Santa Fe from these catastrophic and historic weather events,” said Alex de la Cruz, Sunward Executive Vice President. “We stand with our members and our communities affected by these events, offering support to help ease the burden as families and businesses begin to recover.”
Sunward has two branches in Farmington and one in Durango, Colorado, serving more than 17,000 members across the region. The credit union has also worked directly with organizations in Santa Fe for financing support and has roughly 1,000 members in the Santa Fe area.
Sunward Federal Credit Union is one of New Mexico’s largest credit unions, serving over 175,000 members and managing more than $4.6< billion in assets. Formed in 1948 by employees of Sandia National Laboratories, Sunward’s footprint spans 17 branches across the Southwest and California. Sunward has been named one of America’s Best Regional Credit Unions by Newsweek and recognized as a top local credit union by the Albuquerque Journal and Albuquerque Business First Anyone can apply to open an account, and members can enjoy access to checking, savings, mortgage, auto, credit card and investment services.
Federally insured by NCUA. Equal Housing Lender. For more information, visit gosunward.org.
