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CU System
PCUA submits testimony for state hearing on disaster program
HARRISBURG, Pa. (9/29/11)--The Pennsylvania Credit Union Association (PCUA) submitted testimony about credit union disaster relief efforts for a hearing held Tuesday by state legislative committees on establishing a state disaster assistance program. The state Senate and House Veterans Affairs and Emergency Preparedness Committees held the joint hearing, said PCUA (Life is a Highway Sept. 28). More than 20 states have a dedicated state disaster assistance fund to help fund recovery efforts in the aftermath of natural and manmade disasters that fall below the federal threshold for aid. PCUA submitted written testimony on behalf of credit union efforts to assist victims of Tropical Storm Lee flooding. It noted that in response to Hurricane Irene and Tropical Storm Lee, PCUA joined forces with the National Credit Union Foundation to activate an online disaster relief system, CUAid.coop, to raise money for credit union members, volunteers and employees who suffered losses not covered by insurance or any government assistance. "Credit unions are being commended by elected officials for the quick response of developing a private sector solution for a desperate public need," said PCUA in its newsletter.
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