SECUF aims to meet needs of credit unions in disaster-stricken Alabama
05/11/2011 10:03 am
Credit unions and the communities they serve can be comforted knowing there is a resource to assist them in getting back to “business as usual” following the devastating storms across the state. The SECUF announced it will match up to $100,000 of donations made to the National Credit Union Foundation’s (NCUF) CUAid (
www.CUAid.coop) program. The matching dollars will further community reinvestment projects.
“The storm was so powerful that two weeks later there are still credit unions and credit union staff that need assistance,” said SECUF Chairman Joe McGee. “We’re extremely thankful that the foundation and our peer credit unions have risen to the occasion to aid in the disaster relief efforts for credit unions, their employees and members in Alabama. Our matching funds will only further the aid the SECUF and CUAid will be able to provide.”
The SECUF has been continually working to initiate financial assistance to credit unions in need. The foundation is offering a LSCU Chapter community project match to Alabama credit union chapters affected by the storms of up to $10,000. This money will help chapters finish projects in their respective areas. The SECUF also announced a $25,000 donation to Red Cross of Alabama to help aid the many people displaced throughout the state.
Many credit union staff were severely affected by last month’s tornadoes, and the SECUF has given out nine separate $1,000 emergency grants to credit union employees with a promise for more aid in the future based on documented need. There was also an additional $975 in grants given to credit union staff that had needs that fell outside of the traditional disaster relief assistance.
LSCU Foundations page to apply for grants, or to donate to the SECUF Disaster Relief Fund.