Southeastern Credit Union Foundation to Match Donations to CUAid
Madison, Wis. – Credit unions and the communities they serve can breathe a little easier knowing there is a resource to assist in getting back to “business as usual” following the devastating storms across Alabama on April 27, 2011. The Southeastern Credit Union Foundation (SECUF) has announced it will match up to $100,000 of donations made to CUAid (www.cuaid.coop) for further community reinvestment projects.
Since activating its online disaster relief system CUAid.coop, the National Credit Union Foundation (NCUF) has already raised over $65,000 from the credit union community.
“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 NCUF 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.”
SECUF has been continually working to initiate financial assistance to credit unions in need. The foundation is offering a Chapter community project match to Alabama credit union chapters 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 members and staff were severely affected by last month’s tornadoes, and the SECUF has given out 9 separate $1,000 grants from the Disaster Relief Fund to individual credit union members. There was also an additional $975 in grants given to credit union members that had needs that fell outside of the traditional disaster relief assistance.
CUAid Fundraising Campaign Continues
“The outpouring of support from the credit union movement has been amazing,” said Christopher Morris, NCUF Director of Communications. “A wide range of CU organizations and individuals have helped make a big difference to those credit union people in need.”
Credit union supporters in every state can make donations through a secured website that accepts credit cards and wire transfers (www.cuaid.coop). As donations post through CUAid.coop, NCUF will coordinate with SEFCU to distribute money efficiently to credit union employees and members in the affected areas.
This release is posted on the web here.
About CUAid (cuaid.coop):
CUAid was developed by NCUF in cooperation with state credit union foundations, state credit union leagues, and the Credit Union National Association’s Disaster Preparedness Committee in 2006.
The secure online tool links the entire credit union system to raise money for disaster relief, most recently after the earthquakes in Haiti early last year.CUAid is the only program of its kind that enables credit union employees, volunteers, and members, as well as credit unions and state credit union foundations across the US, to contribute directly to support other credit union people.
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. 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 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 a real impact in the credit union community.
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.