Home Posts tagged UMassFive College Federal Credit Union (Page 2)
Daily News

HADLEY — UMassFive College Federal Credit Union announced the recent promotion of two employees.

Gina Maroni has been promoted to vice president of Finance and chief financial officer. She has taken on the responsibility of financial oversight, strategizing, and budgeting for the credit union, and previously served as UMassFive’s assistant vice president of Finance and controller for 18 months. Prior to joining UMassFive, she was the senior vice president of Finance and chief financial officer at Athol Credit Union.

Alexis Miarecki has been promoted to manager of Marketing. Transitioning from her former role as graphic designer, she is now responsible for managing the day-to-day operations of the Marketing department, including oversight of the marketing team, creative direction, and developing and executing all marketing and promotional plans for UMassFive in collaboration with the vice president of Marketing.

Daily News

HADLEY — While the COVID-19 pandemic continues, many employers are facing difficult choices in regard to staffing and reduction of operation. As furloughs and layoffs are announced, UMassFive College Federal Credit Union would like to remind those facing loss of income of services that may help, including:

• One-on-one phone consultations. UMassFive is committed to answering questions and helping members understand the options available to them throughout this ongoing time of economic uncertainty. Members, as well as those looking to work with the credit union, are encouraged to reach out for a one-on-one phone consultation with a staff member by calling (800) 852-5886.

• Emergency-relief payment deferral. UMassFive is offering loan-payment deferral for up to three months on all qualified consumer loans. Members can visit umassfive.coop/emergency-relief to learn which loans qualify, and to submit their payment-deferral requests through an easy-to-fill-out web form.

• GreenPath financial coaching. GreenPath is an additional, complimentary service UMassFive offers, which includes assistance in creating and managing debt-management plans. To find more information about these services, visit umassfive.coop/resources/greenpath-financial-coaching.

• Reduced rates for short-term personal loans. As a way to make things a little easier for qualified borrowers who decide to take on some short-term debt to address their current needs, UMassFive has temporarily lowered the rate of all new personal loans to 5.99% APR for amounts of $2,000 or less. New and existing members can apply for this loan online at www.umassfive.coop/personalloan. After signing up (for new users) or logging in, applicants should select ‘Fixed-term Loan,’ then ‘Loan Special,’ and continue filling out the form until fully submitted. The credit union strongly encourages seeking alternative options before taking on additional debt.

COVID-19 Daily News

HADLEY — On April 3, the Log Rolling catering van could be seen making several special deliveries at local food banks and hospitals in Central and Western Mass., as UMassFive College Federal Credit Union reached out to support community members and healthcare workers heavily impacted by the COVID-19 pandemic.

As the latest entry in a long-standing collaborative relationship with the Amherst Survival Center, UMassFive sponsored 150 portions of chicken pot pie (made fresh and delivered by Log Cabin Rolling) to be served at the Amherst Survival Center daily community meal. During the pandemic, Amherst Survival has adapted to continue providing many of its services amid social-distancing requirements. The community meals are now provided in a ‘to-go’ model, serving participants outside in the parking lot.

In appreciation of healthcare workers, UMassFive also sponsored the delivery of 200 meals to emergency-room staff, split between Springfield’s Mercy Medical Center and Worcester’s UMass Memorial Medical Center. Understanding that healthcare workers aren’t able to sit and reheat a hot meal these days, Log Rolling Catering curated and delivered bagged meals with sandwiches, fruit, chips, and a dessert. These meals were delivered to the staff at lunchtime, with extra meals to support the next shift as well.

UMassFive, which has branch offices at both hospital locations, wanted to show support to the frontline healthcare workers they serve by providing a meal. “We were looking for a way to support healthcare workers and our most vulnerable community members in these trying times,” said Craig Boivin, vice president of Marketing at UMassFive. “Working with Log Cabin Rolling allowed us to do that while simultaneously supporting a great local business. It was a win-win.”

In addition, UMassFive has pledged $1,000 to the Food Bank of Western Massachusetts and donated another $1,000 to the local farming nonprofit Community Involved in Sustaining Agriculture, which will use the funds as part of its Emergency Farm Fund, which provides zero-interest loans to local farms. 

UMassFive members who wish to lend their own helping hand to their communities can participate via the credit union’s Buzz Points program, through which UMassFive has facilitated charitable-donation options benefiting the Food Bank of Western Massachusetts and the Amherst Survival Center.

COVID-19 Daily News

HADLEY — As a local nonprofit financial cooperative, UMassFive College Federal Credit Union (UMassFive) is known for playing an active role in supporting and educating members and local communities. In response to the COVID-19 pandemic, UMassFive has launched a number of initiatives to continue supporting its membership and people in the local community.

For example, UMassFive has joined forces with Log Rolling Catering to donate 350 meals to individuals and families in need, as well as those on the front lines of the coronavirus pandemic. The Amherst Survival Center will receive 150 prepared meals for distribution to those in need, and another 200 meals will go to the ER staff at both Mercy Medical Center in Springfield and UMass Medical Center in Worcester.

In addition, UMassFive has pledged $1,000 to the Food Bank of Western Massachusetts and donated another $1,000 to the local farming nonprofit Community Involved in Sustaining Agriculture, which will use the funds as part of its campaign to raise $50,000 for emergency loans to local farms.

Credit-union members can also participate by making charitable donations in support of their local community through the UMassFive Buzz Points program, including options benefiting the Food Bank and the Amherst Survival Center

UMassFive is committed to answering questions and providing financial guidance to its members throughout this ongoing time of economic uncertainty. Members are encouraged to reach out for one-on-one phone consultations with credit union staff to better understand what options are available to them at this time.

For instance, UMassFive is offering loan-payment deferral for up to three months on all qualified consumer loans. Members can visit www.umassfive.coop/emergency-relief to learn which loans qualify and to submit their emergency-relief payment-deferral requests through an easy-to-fill-out web form.

As a way to make things a little easier for qualified borrowers who decide to take on some short-term debt to address their current needs, UMassFive has temporarily lowered the rate of all new personal loans to 5.99% APR for amounts of $2,000 or less. New and existing members can apply for this loan online at www.umassfive.coop/personalloan. After signing up (for new users) or logging in, applicants should select ‘fixed-term loan,’ then ‘loan special,’ and continue filling out the form until fully submitted. The credit union strongly encourages seeking alternative options before taking on additional debt.

“We want our members and communities to know we are here for you — especially in times of crisis,” said Craig Boivin, vice president of Marketing at UMassFive. “If you’re experiencing hardship and need someone to talk to about your financial situation, or even know someone who could use the help, UMassFive is a resource you can count on.”

For more information and resources, and to stay up to date with UMassFive’s operational hours and branch schedule, visit www.umassfive.coop/covid-19.