Bucyrus Disaster Relief Fund Established at Dakota Plains FCU
Lemmon, SD – Dakota Plains Federal Credit Union’s President/CEO Peter Butterfield announced today that the credit union has established a “Bucyrus Disaster Relief Fund” at their Hettinger, ND branch. The credit union will accept donations from anyone wanting to help the fire victims. Donations may be made payable to: Bucyrus ND Disaster Relief Fund, c/o Dakota Plains Federal Credit Union, 221 S. Main St., PO Box 1020, Hettinger, ND 58639.
In addition, Dakota Plains FCU has established a $50,000 pool of low-interest loans for members who have been affected by the fire. New members will also be eligible for the loans. The maximum loan amount will be $5,000 per household. The APR will be 1.5% to be paid back in 60 months. These loans will be administered through the credit union’s Lemmon, South Dakota or Hettinger, North Dakota branches only.
Bucyrus, a small farming community located in South Western North Dakota, was devastated by a fire that took place on Wednesday, October 17. While there were no major injuries, the property loss was immense for the town that has a population of 27, according to the latest census. The state fire marshal is investigating the cause of the fire that also destroyed about 70 electrical power poles and temporarily closed U.S. Highway 12. The area has been extremely dry this fall and winds were reported to be as high as 71 mph the day of the fire.
Headquartered in Bismarck, Credit Union Association of the Dakotas (CUAD) is the trade association serving credit unions in the Dakotas. CUAD serves 73 credit unions in North and South Dakota, serving over 406,000 members, with assets in excess of $4.6 billion. For more information about CUAD visit our website at www.cuad.coop.