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News Now

CU System
Four Ohio CUs receive disaster relief from OCUF
DUBLIN, Ohio (12/20/07)--Four Ohio credit unions received disaster relief grants from the Ohio Credit Union Foundation for August flooding that affected residents in the northern region of the state. Millstream Area CU, Findlay, received two disaster relief grants from the foundation. The credit union gave $250 gift certificates with each disaster relief loan application completed by Hancock County homeowners. The certificates were used to replace home furnishings damaged by the floods, said the foundation (Above and Beyond Dec. 19). A portion of the funds also was provided to Central Middle School, which serves 400 at-risk students. The school lost instructional items during the flooding. Empire Affiliates CU, a division of Toledo Area Community CU, received a disaster-relief grant to help the Shelby City School System. The grant application was written in partnership with Gorman Rupp & Associates CU in Mansfield. The grant will help teachers who lost instructional materials. Two of the school district’s buildings and the football field were affected by the flood. Midwest Community FCU, Defiance, received a disaster relief grant to help Ottawa families. The credit union launched a loan program to help residents rebuild and also offered $100 gift cards to families who applied for flood relief loans. Superior FCU, Lima, received a grant to help 400 of its Ottawa members. The funds were used to helped 16 teachers replace instructional supplies. Leftover funds were used to help members displaced from their homes. Superior FCU matched the grant funds and dropped the annual percentage rate for consumer loans for affected members to 5.50%.


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