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CU System
NCUF meeting in Orleans marks recovery process
NEW ORLEANS (2/3/09)--For the first time, the National Credit Union Foundation (NCUF) held its Annual Meeting in New Orleans. The location was chosen so NCUF board members could tour the city’s low-lying areas to see progress of recovery efforts from Hurricane Katrina.
National Credit Union Foundation board members touring New Orleans saw many signs of recovery from Hurricane Katrina. (Photo provided by National Credit Union Foundation)
From 2005 through 2008, NCUF worked with credit union leagues on the Gulf Coast to make over $3.6 million in Katrina relief grants--the largest disaster relief fundraising effort in credit union history. The 2009 NCUF Annual Meeting was hosted at the new headquarters of Jefferson Financial CU, Harvey, La., which invested $2 million in the Community Investment Fund (CIF) to support both NCUF and the new Louisiana Credit Union Foundation (LCUF). The meeting featured guest presentations by LCUF and New Orleans Firemen’s FCU. Both offered lessons from their disaster recovery experiences. In the wake of Katrina, millions of relief dollars left the credit union community because contributors were not aware of an option within the credit union system, Louisiana Credit Union League President/CEO Anne Cochran said. Cochran encouraged credit unions to raise future relief funds through CU Aid, the online fundraising platform developed by NCUF to assist credit unions and credit union people impacted by disasters. “With CU Aid, we keep all relief dollars in the credit union community,” said NCUF Chairman Allan Kemp McMorris. “CU Aid’s mission mirrors the credit union philosophy of ‘People Helping People.’ In times of disaster, CU Aid is all about credit unions helping credit unions.”
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