Stanford FCU Offers $500 Relief

PALO ALTO, Calif. - Stanford FCU is offering $500 advances to members who are being affected by ongoing computer glitches at Wells Fargo that have delayed payroll processing for employees at the credit union's primary sponsor, Stanford University.

Those computer problems have extended into inability to access online bank accounts or get cash at some ATMs. Credit union members have gotten used to having their paychecks a day in advance, said Tina McMinn, vice president-operations with Stanford FCU.

"It was not their fault or the fault of the university that payroll wasn't processed on time, so we're giving them immediate access to $500 today. Credit union personnel will verify that funds are pending prior to issuing the money," she told Credit Union Journal. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com