Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUAid Distributes $208K+ To Colorado Flood Victims
MADISON, Wis. (10/30/13)--Since activating its online disaster relief system CUAid.coop a month ago, the National Credit Union Foundation (NCUF) has distributed more than $208,000 in grants to 248 credit union members in Colorado affected by September flooding. But more is needed.
 
NCUF is working with the Mountain West Credit Union Foundation (MWCUF) and credit unions in the Boulder, Colo., area to distribute the funds.
 
"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, MWCUF executive director.
 
"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," he added.
 
The flooding in Colorado destroyed nearly 2,000 homes, damaged another 16,000 homes, and hit hard nearly 1,000 businesses. Highways have been re-opened and debris has been removed from neighborhoods and business districts, allowing residents to begin rebuilding their lives (News Now Sept. 25).  
 
CUAid funds have been granted by NCUF to assist credit union members. Even after they recover what they can from insurance payouts, credit union members need assistance rebuilding or relocating to new homes, and replacing lost vehicles and household items such as appliances, furniture and clothes.  
 
"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 from Colorado credit union members are expected. To contribute, use the link. 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 nationwide, to contribute directly to support other credit union people.
 
All donations through CUAid go to credit union disaster relief. If any donations are not used for Colorado flooding relief, NCUF will transfer 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. Use the link for a donation form.
RSS print
News Now LiveWire
.@NW_Banking looking for #creditunion entries for #CUFinLit contest to fund through http://t.co/E6GFvjd5XW
19 minutes ago
#NewsNow: Fannie Mae, Freddie Mac consider VantageScore for alternate credit model. http://t.co/611II7AcKD
58 minutes ago
Va. #creditunion league breaks ground on new HQ #NewsNow http://t.co/Cn24i1hOHV
2 hours ago
NJ Lt Gov Kim Guadagno shares her #creditunion story at @NJCUL convention #NewsNow http://t.co/2B7QiuUK9p
2 hours ago
#NewsNow: 2013 mortgage data shows 14.8 mil applications, 2.8 mil purchases and more. http://t.co/DId2VFrsEr
3 hours ago