FARMERS BRANCH, Texas (4/25/11)--The Texas Credit Union Foundation reminded the state's credit unions Friday that it stands "ready to assist" credit union employees affected by Texas wildfires during a drought. A massive wildfire was burning 70 miles west of Fort Worth on Wednesday, said USA Today
(April 21). The blaze is one of several fires that have charred about one million acres across the state in the past two weeks. More than 340 people, including a federal team, the Texas Army National Guard and local personnel fought that blaze, which burned about 150,000 acres and destroyed 50 homes, said the newspaper. The foundation said it has two phases of grants available for credit union employees (LoneStar Leaguer
* Phase One Emergency Grants are provided to credit union employees to assist with immediate disaster relief needs such as out-of-pocket expenses from an evacuation. The intent of the $500 grants is to help stabilize employees' situation grants so they can return to work. * Phase Two Disaster Relief Grants assist credit union employees with significant needs after other forms of relief have been exhausted. Amounts granted are dependent of the amount of funds but usually are $1,000-$3,000. TCUF said the grants are implemented after Phase One Grants are distributed. The foundation will issue a call to the CEOs of affected credit unions for these grants.