We are excited to announce the official launch of UDW’s very own credit union on May 16 in partnership with Providence Federal Credit Union (PFCU)! Union leaders have been working with PFCU for months to create products and services designed specifically to meet our needs as caregivers and family child care providers. William Reed, UDW Secretary-Treasurer, is ready to share how this benefit can empower fellow providers.
“UDW members need and want a credit union, and together we made it happen,” said William. “Our new credit union partnership is a major new benefit that provides members a whole range of banking with services catered specifically to home care and family child care providers.”
PFCU members can count on everyday benefits like online, mobile, and phone banking services; access to 90,000 surcharge-free ATMs; free checking and savings accounts; low-interest loans specifically designed with UDW members in mind; and free financial wellness classes and counseling to help you achieve a secure financial future. PFCU also offers a second chance checking account for those of us who have struggled with our credit in the past. Our friends at PFCU are flexible and open to adjusting to our needs, especially as IHSS providers have a state-mandated deadline to register for direct deposit by July 1.
Unlike for-profit banks, our credit union is designed to put us first. Before the benefit opens to all members on May 16, William and other union leaders signed up early to test the services and customer service. He reported that working with PFCU has been a great experience.
“They’ve been very welcoming, available, and accommodating,” said William. “PFCU has made me feel like they are my bank. In a world where we are pulling away from person-to-person contact, PFCU is still focusing on creating personal connections with our members.”
Desmond Prescott, District 3 Chair, also joined the credit union and has seen the difference that having a not-for-profit organization help you manage your funds can make—not only in your wallet but in your peace of mind.
“PFCU recognizes care workers and the valuable work we do, and creates products specifically with us in mind,” he said. “They value our work and care to protect the money we work so hard for.”
Desmond was amazed by the speedy response he’s had throughout his enrollment process and the variety of services PFCU offers our members, from low-interest loans catering to caregivers, to a financial wellness program personalized to your specific financial goals, and access to low-interest credit. There was one benefit that made the biggest impact on Desmond, so far.
“My favorite PFCU service was the low-interest balance transfer!” He said. “I was able to transfer my balance from a 25% interest credit card to PFCU at only 4% interest. I did the calculations, and this one benefit is saving me thousands of dollars.”
UDW members work hard, and we deserve a members-first financial institution that will work for us and give us the exceptional service, easy access, and quality products that we deserve!
To become a member or learn more visitwww.providencecu.org/UDW or call 1-888-849-5189.
