Tech Credit Union Introduces Emergency Financial Relief for Local Steelworkers during Lockout

Tech Credit Union today announced the launch of a new Emergency Loan program designed to provide immediate financial support to members of BP Whiting Steelworkers Union Local 7-1 impacted by the ongoing lockout. 

As the situation continues to affect hundreds of working families across the region, Tech Credit Union is taking proactive steps to ensure its members have access to reliable, short term financial assistance. The Emergency Loan program is intended to help cover essential living expenses and provide stability during a period of uncertainty. 

The program offers loan amounts ranging from $500 to $1,500 and has been structured to remain both accessible and flexible for those who may be experiencing interruptions in income. With no fees and built-in payment relief options, the loan is designed to reduce financial pressure rather than add to it. 

A key feature of the program is Tech Credit Union’s Skip-a-Pay option, which allows eligible members to defer payments for up to 90 days, giving borrowers time to stabilize their financial situation before repayment begins. 

This initiative reflects Tech Credit Union’s continued commitment to serving its members and supporting the communities throughout Northwest Indiana and Illinois. By offering timely financial solutions during critical moments, the credit union aims to provide both immediate relief and long-term support for the individuals and families it serves. 

About Tech Credit Union

Tech Credit Union is a member-focused financial institution serving individuals, families, and businesses throughout Northwest Indiana and Illinois. Founded on the principle of people helping people, Tech Credit Union is committed to providing convenient, competitive financial solutions while supporting the communities it serves. Learn more at www.techcu.org.