LaCorp Offering Zero Percent Loans

Louisiana Corporate CU, which is operating out of a contingency site at U.S. Central CU here, has reported strong demand of $15 million for special 0% interest disaster recovery loans it is offering members. "We have an initial allocation of $15 million available for disaster recovery loans and are giving priority to credit unions with disaster-related NCUA loan guarantees," said David Savoie, president of LaCorp. LaCorp last week made its first loan through the special program with St. Bernard Parish School Board Employees FCU in the amount of $1 million.