AG Shapiro: Clearview Federal Credit Union Joins ‘PA CARE Package’ Initiative, Offering Expanded Consumer Relief

April 10, 2020 | Topic: Consumers

HARRISBURG―Attorney General Josh Shapiro today announced that Clearview Federal Credit Union has agreed to join the ‘PA CARE Package’, Pennsylvania’s consumer relief initiative. As the first credit union joining these efforts, Clearview Federal Credit Union, along with the Office of Attorney General, will ensure Pennsylvania consumers impacted by the COVID-19 pandemic are eligible for additional economic relief.

Under the ‘PA CARE Package’ initiative, banks and financial institutions are working with the Office’s Bureau of Consumer Protection to both comply with the recently-passed CARES Act and offer additional important protections for consumers affected by the COVID-19 pandemic.

“Pennsylvanians need financial protection during this emergency, which is why we launched PA CARE Package to provide relief right now. I thank Clearview Federal Credit Union for joining this effort to help consumers. We can beat this crisis, but consumers and small businesses need to know their rights and use the resources available to them,” said Attorney General Shapiro. “This commitment will help communities and businesses in southwestern Pennsylvania who are facing lost wages, lost jobs, and lost income focus on what’s important — staying safe and healthy during this emergency.”

“We are more than proud as the first credit union in the Commonwealth and the largest credit union in Southwestern Pennsylvania to pledge our commitment to the PA Cares Initiative,” said Ron Celaschi, President and C.E.O. of Clearview Federal Credit Union. “Clearview commends the Office for pulling it together.  This program encompasses all of the relief options that we have and will continue to offer to our members facing financial hardship due to this crisis.  In the past two weeks alone, we’ve assisted over 1,300 members impacted and reduced their loan payments by $2.8 million. Our cooperative nature is part of who we are and what we do to help our members achieve our vision of enjoying a better life. We are committed to our staff, members and communities which we serve.”

To commit to the ‘PA CARE Package’ initiative, financial institutions and banks must offer additional assistance to Pennsylvanians facing financial hardship due to impacts of the COVID-19 pandemic.

  • Expansion of small and medium business loan availability
  • 90-day grace period (at least) for mortgages not already covered by the CARES Act’s 180-day grace period
  • 90-day grace period for other consumer loans such as auto loans
  • 90-day window for relief from fees and charges such as late, overdraft fees
  • Foreclosure, eviction, and motor vehicle repossession moratorium for 60 days
  • No adverse credit reporting for accessing relief on consumer loans

At this time, we are directing all of our members to the COVID section of our site:  https://www.clearviewfcu.org/COVID-19-Resources. To discuss payment relief, we recommend our dedicated line: 412-299-6070. All other calls should be directed to our Care Center general line at 1-800-926-0003.

For more information on the ‘PA CARE Package’ initiative, visit the Pennsylvania Office of Attorney General’s Coronavirus webpage at www.attorneygeneral.gov/COVID19.

# # #