Press
CUAid update: Over $200k distributed to CU members affected by Colorado flooding
248 CU Members to Receive Funds Raised by NCUF
MADISON, WI (October 29, 2013) — Since activating its online disaster relief system CUAid.coop a month ago, the National Credit Union Foundation (NCUF) has distributed over $208,000 in grants to 248 credit union members in Colorado affected by recent flooding. NCUF is working with the Mountain West Credit Union Foundation and credit unions in the area to distribute the funds.
CUAid funds have been granted from NCUF to assist credit union members as they rebuild their lives after the flooding. Even after they recover what they can from insurance payouts, credit union members need assistance rebuilding or relocating to a new home, replacing lost vehicles and household items such as appliances, furniture, clothes, and more.
“I would like to thank all the credit union and individual donors for their generous and ongoing response to the needs of Colorado credit union staff and members,” said Dan Santangelo, Executive Director of the Mountain West Credit Union Foundation. “This flood has taken a huge toll on the lives of many and the relief provided is really making a difference for them. The need is still strong and scores of folks still need assistance. I would like to encourage our community to continue to donate so we can continue to provide much-needed relief.”
“The response by the credit union community to the call for donations has been amazing,” said Gigi Hyland, NCUF Executive Director. “Credit unions are supporting each other when they need it most, which is even more evidence of the credit union difference.”
Contributions are still needed as more grant applications by credit union members in Colorado are expected. Credit union supporters in every state can still make donations at cuaid.coop. CUAid is the only program of its kind that enables credit union employees, volunteers, and members, as well as credit unions and credit union organizations across the U.S., to contribute directly to support other credit union people.
100% of the donations through CUAid goes to credit union disaster relief. In the event that all donations are not used for Colorado Flooding relief, NCUF will transfer any and all unused funds to its “General Disaster Relief fund” for future disaster relief efforts.
Organizations and individuals can use a variety of CUAid web buttons for their website. Please click here for the easily linkable buttons, including ones specific to the current Colorado Flooding campaign. Click here for a direct link to the donation form.
About the National Credit Union Foundation (ncuf.coop):
The National Credit Union Foundation is the US credit union movement’s primary national philanthropic program provider, fundraiser and grant-maker, working to help consumers achieve financial freedom through credit unions. Through NCUF grants and programs, credit unions provide widespread financial education, create greater access to affordable financial services, and empower more consumers to save, build assets, and own homes.
NCUF is funded primarily by investments in the award-winning Community Investment Fund (CIF) and by generous Corporate Supporters led by the Credit Union National Association and CUNA Mutual. All NCUF donors provide support that empowers NCUF and state credit union foundations to make financial freedom achievable through credit unions.
The National Credit Union Foundation is a 501(c)(3) tax-exempt charitable organization. NCUF continues to earn the Better Business Bureau seal of approval as an “Accredited Charity” for meeting all 20 BBB Wise Giving Alliance Standards for national charities.