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media release

Corporate Office
3000 Marentette Avenue
Windsor, ON  N8X 4G2
p. 519.974.3100   f. 519.974.9098

For Release: May 4, 2009

WFCU OFFERS SPECIAL PROGRAM TO MEMBERS EMPLOYED AT CHRYSLER CANADA

WINDSOR, ON ? WFCU announced today a program to assist its members employed at Chrysler Canada. The WFCU Chrysler Care Program available to all WFCU members who are employed at Chrysler is designed to provide members with temporary assistance during the Chrysler restructuring shutdown period. WFCU's current members will have access to the Program, which includes four initiatives to assist with their financial situation:

A.  Reduce their monthly loan or mortgage payments by up to 50% for a maximum of three months.

B. Defer their loan or mortgage monthly payments for up to two months.

C.  Access new funds of up to $5,000; available to eligible borrowers.

D. Current mortgage holders can increase their mortgage up to the original mortgage amount and the fee will be waived.

"Chrysler has played a significant role in the strong fabric of this community for many years," said Martin J. Komsa, WFCU President and Chief Executive Officer. "We want our members to know that we are here to help get them through this necessary and highly anticipated Chrysler restructuring. Like Chrysler, the employees will be required to adapt to a new economic environment. WFCU must recognize this environment and care for the transitional needs of our members."

WFCU views the bigger picture of its members' needs extending beyond WFCU and into the community. WFCU knows that the implementation of its Chrysler Care Program will ultimately interconnect with many other businesses and organizations that its Chrysler employed members rely upon. This is all part of adjusting to the reality of economic transition.

The Program is available to current borrowing and non-borrowing WFCU members employed at Chrysler. Members are encouraged to call 519-974-3100 today to find out how they can take advantage of the WFCU Chrysler Care Program.

WFCU believes in Chrysler and has been a proud provider of financial services to many of its (Chrysler) employees since 1944. WFCU is honoured to continue to do its part to assist members during this period of economic transition in Windsor-Essex.

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For more information please contact:

Susan Stockwell Andrews
V ice President, Marketing &  Community Investment
519-974-3100

Steve Deneau
Vice President, Business Development
519-974-3100

 


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