MADISON, Wis. (9/25/13)--The National Credit Union Foundation Tuesday activated the online disaster relief system, CUAid.coop, to raise funds for credit union people in Colorado affected by flooding earlier this month.
Days of record-setting rainfall and flooding had forced several Boulder, Colo.-area credit unions to temporarily close branches Sept. 13.
Credit union supporters in every state can make donations at www.cuaid.coop, said NCUF.
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.
"Colorado has been severely affected by the recent Colorado floods," said Dan Santangelo, executive director of the Mountain West Credit Union Foundation.
"We, at the Mountain West Credit Union Association, initially didn't think we were going to need much CUAid funding, but after we started receiving inquiries, we were able to see the need from credit union members who could use a helping hand. It is estimated that more than 10,000 credit union staff, volunteers, and members are in need of some type of assistance."
To donate, use the resource link.
"To help alleviate the devastating effects of this disaster, we encourage credit union leaders all across the country to use CUAid.coop as a channel to collect donations from their employees, volunteers, and members," said Christopher Morris, NCUF director of communications.
As donations are posted through CUAid.coop, NCUF will coordinate with the Mountain West Credit Union Foundation in the disaster area to distribute money efficiently to affected credit union employees and members. NCUF said 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 unused funds to its "General Disaster Relief fund" for future disaster relief efforts.
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.
Organizations and individuals can use a variety of CUAid Web buttons for their websites. Use the links to the donation form and to easily linkable buttons for the effort.
Last week the National Credit Union Administration announced it had activated its disaster policy during the weekend of Sept. 14-15 and encouraged credit unions in the flooded areas to make prudent loans with special terms and reduced documentation for members affected by the disaster. See News Now story, NCUA Activates Disaster Relief Policy After Colorado Flooding.