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CU System
Iowa Corporate donates 100000 for flood relief
DES MOINES, Iowa (6/25/08)--Iowa Corporate Central CU donated $100,000 to the Iowa Credit Union Foundation’s Disaster Relief Fund after issuing a $50,000 matching grant challenge to the credit union community. The money will help thousands of Iowa credit union members affected by recent flooding. The foundation already has received more than $220,000 in contributions to aid credit union members and employees. “Thousands of Iowans are in need of support as they begin to recover from the devastating floods,” said Tom Kuehl, Iowa Corporate CEO. “Our contribution will help families get back on their feet, and we are happy to be able to give back to the credit union community.” Collins Community CU, Cedar Rapids, donated $50,000 to the fund. The Iowa Credit Union League donated $25,000 to the fund and Linn Area CU, Cedar Rapids, donated $25,000 to help its members. Fourteen other credit unions in the state have contributed to the fund, along with Car Solutions/CFS Financial Services, Atlanta; the Louisiana Credit Union League; Members United Corporate FCU; and the Ohio Credit Union Foundation. The foundation also received private contributions from individuals in the credit union industry. “There has been an incredible outpouring of financial support from the entire credit union industry,” said Marybeth Foster, foundation executive director. “We will work to get these funds distributed in a timely manner to credit union members in need throughout the state.”
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