Home Credit union North Carolina Credit Unions Stepping Up Resources for Families Affected by Warehouse Fire / Public News Service

North Carolina Credit Unions Stepping Up Resources for Families Affected by Warehouse Fire / Public News Service


Employees of local credit unions provide pro bono financial counseling services to QVC factory employees and their immediate families who have been affected by the Rocky Mount warehouse fire.

The 1.5 million square foot distribution facility was severely damaged by fire last December. Coastal Credit Union branch manager Shane Lancaster said residents can get help managing their bills and income, miming credit damage and navigating retirement.

“Especially with the QVC fire, you instantly have nearly 2,000 people out of work,” Lancaster said. “When you lose your job, there are a lot of hurdles to jump through, whether it’s getting unemployed or finding a new job and adjusting to a new salary.”

Those affected can visit carolinasfoundation.org/financial-first-responders. Lancaster noted that individuals do not need to be members of a credit union to apply for help.

He noted that seeking professional financial help can increase the chances of meeting savings goals or having a secure retirement.

“We really want to encourage people to contact the various credit unions in the area,” Lancaster said, “the credit unions they’re eligible for and connect with a financial professional. Go see someone to get advice to help you have some perspective on any financial issues you have is key.”

Coastal Vice President of Communications Joe Mecca said credit unions provide financial services to nearly a third of all Americans and help ensure money stays in communities.

“Cooperatives belong to their members,” Mecca said. “We therefore aim to return our profits to our members, who are the people who use our products and services on a daily basis.”

He notes that this year, Coastal Credit Union issued more than $4 million in special dividends to about 77,000 members through its loyalty bonus program.

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