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25 grants total 10900 for flood relief in Maine
WASHINGTON (5/19/08)--Twenty-five members in flood-stricken northern Maine will receive a combined total of $10,900 in flood relief checks from credit unions. "The National Credit Union Foundation (NCUF) commends the Maine Credit Union League and the Maine credit union community for rallying to support survivors of the worst flooding in northern Maine in over 100 years," said Steve Bosack, deputy director of NCUF. Maine credit unions and their supporters raised $13,290 through www.cuaid.coop/maine for credit union members whose homes were flooded in Aroostook County. NCUA is now moving forward to prepare disaster relief grant checks to flood victims whose needs have been classified as "critical" or "very serious" by their credit union CEO. Fifteen members of Acadia FCU with critical needs will receive a total of $7,500 in grants or $500 each. Five members of NorState FCU with critical needs will receive a total of $2,100 in grants, ranging from $100 to $500. Two members of Acadia and three members of NorState also will receive a combined total of $1,300 for members with very serious needs. NCUF will deliver the checks next week to the credit unions, who verified and prioritized their members' flood losses. More flood relief applications are in the pipeline, with more than $2,000 still available for grants in the state, said Bosack. NCUF will hold off for another week on funding for members with less serious needs. Any new "critical" or "very serious" applications coming in will take priority. Maine credit unions are still raising donations. "We hope to be able to fund all of the pending applications--and perhaps even consider larger grants to members who suffered the largest unrecoverable losses," he said. For more information on the flood and relief measures, use the resource link.
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