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News Now

CU System
Funds rolling in to help CUs says league
FARMER'S BRANCH, Texas (9/23/08)--As of late Monday, the Texas Credit Union Foundation (TCUF) had received over $114,400 in donations and $29,000 donated through CUAid from credit unions and individuals across the nation to assist credit union employees affected by Hurricane Ike. The National Credit Union Foundation (NCUF), which is collecting from credit unions not based in Texas, had, as of Monday afternoon, more than $60,000 in its Disaster Relief Fund, said Steve Bosack, NCUF deputy director. The Texas foundation already has provided $103,297 in emergency grants to credit union staff affected by the Sept. 13 hurricane. In an update Friday, the Texas Credit Union League said that "grant requests have been coming across the fax machine non-stop." Credit unions across the country have shown tremendous compassion and generosity, said league President/CEO Dick Ensweiler. From generators to office equipment to mobile branches, the credit union community was quick to respond to the needs of the credit unions in Southeast Texas, he said. The road to recovery remains a long one, and the league will continue working with the Ike-affected credit unions, matching their needs with available resources, Ensweiler said. He noted that credit union staff have been left homeless or with more damage than they can handle. "We need to make sure they understand they are not alone and that their credit union family stands ready to help them through the difficult process of rebuilding." While credit unions in Texas are being encouraged to make donations directly to the TCUF Disaster Relief Fund, those in other states are encouraged to donate funds through CUAid.coop, NCUF's primary disaster relief fund. For more information on both, use the first resource link. For a map of where credit unions hit are located and their status, use the "map" resource link.


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