With many working families in financial distress as a result of the sharp downturn in the U.S. economy, Union Plus is launching a program of new and enhanced benefits to assist eligible union members facing hardships.
The new benefits program, called Union SAFE – for Security, Assistance and Financial Education – provides a wide array of benefits, including help for those suffering from layoffs to soaring hospital costs to problems paying their mortgage to help saving for college.
Unique benefits being offered under the Union SAFE initiative to help eligible members include:
- Credit counseling services, budgeting advice and no-fee debt management and bankruptcy counseling benefits.
- Hospital Care Grants of $1,000 to help members who have been hit with large, unreimbursed hospital expenses who participate in the Union Plus Credit Card, Mortgage or UnionSecure Insurance programs.
- Job Loss Grants of $250 for Union Plus Credit Card holders who have been recently laid off for more than 90 days.
- Mortgage Assistance to help Union Plus Mortgage holders, who become unemployed, disabled or go on strike, make their mortgage payments.
And, to help members finance their children’s college educations, Union SAFE offers a College Savings Grant of $500 to members who open new 529 tax-free college savings accounts or pre-paid tuition accounts of at least $1,000 by June 30, 2009.
This $1 million initiative offered by Union Plus to eligible union members demonstrates that the labor movement is answering President Obama’s call for a new era of responsibility to help those who have fallen on hard times, says Leslie Tolf, president of Union Privilege, provider of the Union Plus benefits.
“We are all hopeful today because President Obama is working to help middle-class Americans struggling in this worsening recession,” Tolf says. “America’s unions and Union Plus are doing what we can right now to assist members in trouble – especially those who participate in a Union Plus program.”
In addition, the Union SAFE initiative expands and increases other Union Plus benefits, such as:
- Increasing the number of Union Plus Credit CardDisability Grants (which range from $1,000 to $2,000) available to cardholders who have experienced a significant loss of income within the past six months due to a recent disability that has kept them out of work for 90 days.
- Expanding theavailability of $500 Disaster Relief Grants to participants in the Union Plus Credit Card, Mortgage and UnionSecure Insurance programs.
“The new Union SAFE benefits expand the Union Plus Safety Net to help and support union members and make the union-backed Union Plus benefits an even better value,” Tolf says.
More information and grant applications are available at UnionPlus.org/UnionSAFE.