Rochester, MI – March 20, 2025 – Chief Financial Credit Union today announced a special financial assistance program designed specifically for Flagstar Bank employees affected by recent layoffs, reinforcing the credit union’s ongoing commitment to community support and financial well-being.
The program offers displaced Flagstar employees access to a $1,000 personal loan with payments deferred for up to 90 days, providing immediate financial relief during this transition period. The loans feature competitive rates starting as low as 6.99%.
“When members of our community face unexpected challenges, we believe in stepping up to provide real solutions,” said Tom Dluzen, CEO of Chief Financial Credit Union. “Financial stability shouldn’t be an added worry for professionals navigating career transitions. This program aligns perfectly with our mission to inspire, empower, and enrich our communities.”
Unlike traditional financial assistance programs, Chief Financial Credit Union’s offer focuses on accessibility and immediate relief, removing barriers that might prevent those in need from seeking help.
Ashley Chambers, Vice President of Business Development, said, “We understand the impact sudden job loss can have on individuals and families. This isn’t just about providing a loan – it’s about standing with our neighbors during challenging times and offering breathing room while they determine their next steps.”
This initiative reflects Chief Financial Credit Union’s values-based banking approach, which prioritizes community well-being alongside financial services. The credit union continues to distinguish itself through programs that address real community needs rather than focusing solely on short-term profits. This is one of several programs that the credit union has run in the past to assist those affected by strikes and layoffs.
Affected Flagstar employees can apply for the program at any Chief Financial Credit Union branch or through the credit union’s website. The credit union’s team is ready to provide personalized support and guidance throughout the process.
For more information about this program, please visit chiefonline.com/flagstar