Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Georgia foundation raises 34K for Iowa disaster relief
DULUTH, Ga. (8/12/08)--The Georgia Credit Union Foundation rallied the support of the state’s credit unions to raise more than $34,000 to assist credit unions affected by the floods in Iowa this spring. Georgia credit unions contributed more than $29,000. The remaining $5,000 was donated by the foundation. The Georgia group donated the funds to the Iowa Credit Union Foundation, which will disburse 100% of the money to credit unions and members throughout Iowa who are struggling to get back on their feet following the floods. Excessive rains caused flooding in Iowa during May and June. Total damages are estimated to be in the tens of billions of dollars. The floods left 13 dead with another 65,000 injured, displaced or otherwise affected. Georgia credit union’ contribution is in the top five in the nation from the credit union movement, said the Iowa Credit Union League. The funds will help fulfill more than 2,100 requests to the Iowa league for assistance. About 800 have been met so far. “The floods in Iowa and other parts of the Midwest have unfortunately touched the lives of many of our friends and colleagues in the credit union movement,” said Dan Denning, vice president credit union development, Georgia Credit Union Affiliates, adding, “We can always count on our credit unions to step up and offer financial support in times of need.” Patrick Jury, CEO of the Iowa league, said: “I’ve heard the good folks of Georgia have made some serious contributions to Iowans impacted by the flooding. I doubt I could ever thank you enough for this generosity. We’ll make sure the money is put in the hands of the credit union members who need it most. “The folks we are working with have lost most everything. Please extend my thanks to others who have worked to help improve the lives of our members,” he added.


RSS print
News Now LiveWire
Expanded ATM services at branches attractive to members: @CFIGroup. See #NewsNow Friday
12 hours ago
#FinCEN imposes civil money penalty against NJ's BPI money services co. for #BSA violations http://t.co/WnDzOcxdOZ
15 hours ago
.@ABCULCUs give hat tip to America's #100MM #creditunion milestone http://t.co/q8yo6Lx3LM
15 hours ago
The @CFPB has announced new Credit Union Advisory Council members, as well as other senior leaders, advisory board and council members.
16 hours ago
GDP expanded 4.2% on an annualized basis in 2Q according to Bureau of Economic Analysis
17 hours ago