Credit Union Reaches Out to Members

Who May Face Challenges Making Their Mortgage Payments

     La Habra, Calif., April 23rd, 2008— American First Credit Union has implemented a unique outreach program to assist members who may face challenges making their monthly mortgage payment. Developed in response to recent changes in the local economy and real estate market, the Member Assistance Program proactively reaches out to members who may have been financially impacted by fluctuating mortgage interest rates and terms and who may not be able to meet their monthly payment obligation. The program’s goal is to help members stay in their homes and avoid a foreclosure.

     Members recently received a letter introducing the program and were encouraged to contact the credit union for a free financial evaluation if they had concerns about their ability to make their mortgage payment. Upon request, the credit union will work with members to develop a customized, confidential plan that may include modifying members’ accounts in order to optimize the members’ cash flow and increase the possibility for them to remain in their home.

     “We want members to know that we’re here to help them through their financial challenges, whatever they may be,” said Carlos Miramontez, AFCU’s Vice President, Operations. “By reaching out to members at an early stage, we’re able to help them work through their financial issues before it becomes more difficult to find a solution.”

     American First Credit Union (AFCU) is a member-owned, full-service financial cooperative established in 1952. It has five convenient Orange County branches, located in La Habra, Buena Park, Placentia, Orange and Tustin. AFCU has over $656 million in assets and serves more than 75,000 members. Membership is open to anyone who lives, works, worships or attends school in Orange County or 16 additional cities throughout the Greater Los Angeles area. To determine credit union eligibility, visit www.amerfirst.org or call 800/290-1112.

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