Staying Safe Together!
Since the onset of the Covid-19 outbreak in Louisiana, OnPath FCU has been working hard to help you face the financial challenges that are ahead. We continue to remain focused on your health and well-being by ensuring certain measures are in place during our normal operations.
We understand that these uncertain times may have brought less security to you and your family. To date we have extended 961 loans totaling $45,868,686 in loan dollars saved to families that needed extensions/skip a pay.
In positive news that bode well for the rising economy, our mortgage department has had record setting numbers with $46.1 million in closed mortgages in the past 6 months. During the qualifying period for the Paycheck Protection Program, while partnering with Kabbage, our commercial department closed a little over $2.1 million in PPP loans that directly supported our local economy.
Since re-opening our lobbies in April we have followed local guidelines and ordinances that require everyone entering to wear a face mask. We have also limited the number of people allowed in our physical branches and placed 6 feet markers where appropriate to create social distance. With our enhanced cleaning procedures, we have been sanitizing frequently used areas and offering hand sanitizer for all members and staff to use.
We take pride in having kept our drive-ups open throughout the quarantine period, phase 1 and now to continue operations with open lobbies since the onset of phase 2. As an essential business, our priority has been to keep serving you during this uncertain time.
In addition to the work that has been done within branches, our sister non-profit, A Shared Initiative Inc., introduced a virtual First Time Homebuyer Workshop in May, providing services to 63 households with over 112 hours. As an extension of these services, ASII, also provided financial counseling to 32 households with over 58 hours.
Through this challenging time we have kept your health and financial well-being as our number one priority. We hope to keep serving you through these times and beyond, as our economy recovers and our world comes back to normal.
To stay up to date on the latest COVID-19 changes please visit www.beonpath.org/covid19.
Still want to avoid branches? We get it. Make your life easier and bank from the comfort of your couch when you download our mobile apps. The OnPath FCU Mobile app is available for Apple and Android devices.