ANDREWS FEDERAL CREDIT UNION EXTENDS UTILITY RELIEF PROGRAM BY OFFERING GRANTS TO MILITARY FAMILIES
Andrews Federal Credit Union recently announced an addition to its Overseas Utility Relief Assistance program. The credit union announced it will provide grants for overseas servicemembers and military families who need additional support because of unprecedented utility costs associated with the Russian invasion of Ukraine.
Credit union members who have applied for an Overseas Utility Relief Assistance loan may be able to qualify for a one-time grant to help with their utility expenses. Members can receive up to $2,500 toward their utility costs if they do not qualify for a loan or if they need additional funds.
Andrews Federal originally launched its Overseas Utility Relief Assistance Loan in response to a request from garrison leadership to help families struggling with unprecedented utility expenses. Energy costs have increased drastically because of the war in Ukraine and the average family will pay about €6,000 (approximately $6,600 in American dollars) for energy this year.
According to Andrews Federal leadership, the grant was developed as an additional way to help members deal with unexpected challenges. “With the Overseas Utility Relief Assistance loan program, our goal was to ease the burden on our military families,” said Damita Robinson, Chief Operating Officer for Andrews Federal Credit Union. “By extending the program to offer grants, we are able to support members who would otherwise be severely impacted by this unprecedented expense. Our military members know they can turn to Andrews Federal for help and support when they need it most.”
The credit union continues to offer its Overseas Utility Relief Assistance Loan to its members in need. According to Chief Lending Officer Patricia Campbell, the loan is indicative of Andrews Federal’s continuing support for military servicemembers. “Because of our deep connections with the military, we are able to be responsive and to provide lending solutions when our servicemembers are in need,” Campbell said. “We stay closely connected with leadership at the garrisons we serve so we can develop resources that protect our members’ finances and help them reach their financial goals.”