Disaster-fund donations from CU community total $55K
05/09/2011 02:40 pm
As of Friday, donations raised through CUAid.coop, the movement's online disaster relief fund, totaled at least $55,000, said the National Credit Union Foundation (NCUF).
Among the new donors providing funds to assist credit unions and their employees in the aftermath of the storms is CUNA Strategic Services (CSS), which donated $10,000, and the American Association of Credit Union Leagues (AACUL), which contributed $2,500 toward the efforts.
"Credit unions, their staff and families in these hard-hit areas are still struggling; we want to help them get back on their feet," said Credit Union National Association (CUNA) President/CEO Bill Cheney, who is also CEO of CSS. CSS partners with key vendors to provide products and services to credit unions.
"Our desire is to see the damaged credit unions and the people who run them recover as soon as possible," said Brett Thompson, AACUL chairman and president/CEO of the Wisconsin Credit Union League.
Credit unions in every state can donate through CUAid.coop, a secured website that accepts credit cards and wire transfers. NCUF will coordinate with the credit union leagues across the southern part of the country to distribute money efficiently to credit union employees and members in the affected areas, said NCUF. In addition to supporting the relief efforts directly for credit unions and their employees, credit unions are finding a variety of other ways to help.
Huntsville, Ala.-based Redstone FCU, which had two branches affected by the storms, began trucking in food and supplies to several smaller communities hit hard by tornadoes. It also planned a cookoff this past weekend to feed 1,000 survivors and relief workers and volunteers.
Tyndall FCU, based in Panama City, Fla., presented a $1,000 check to American Red Cross to help victims of the tornadoes in Alabama. Representatives from the $1 billion asset credit union's Dothan, Ala., branch also donated cases of bottled water to help in the relief efforts.
"As part of the Alabama community, we felt it was important to offer assistance to the residents in the areas devastated by the tornadoes," said Jim Warren, president/CEO of Tyndall. "While our headquarters may be in the Florida Panhandle, we have branches in Dothan, Mobile, and Spanish Fort, Ala., as well, and we wanted to show our support. Living in the southeast, we have seen the destruction such storms can do, and we wanted to do our part to help."