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News Now

CU System
U of Iowa Community CU to match flood funds
IOWA CITY, Iowa (6/20/08)--University of Iowa Community CU will conduct fundraisers and collect contributions for victims of flooding in the Iowa City/Coralville area and it will match some of the funds raised. The credit union's board met Tuesday to brainstorm ways the credit union could help the community and its members in the wake of last week's flooding in the state. Credit union staff will raise money through a variety of fundraisers such as car washes, hot dog lunches and bake sales at its branches. Donations also will be accepted from the public. The credit union will match the funds raised up to $5,000, it said in a press release Tuesday. The funds will be directed to the Iowa City/Coralville Flood Relief Fund through the United Way of Johnson County. The credit union closed one branch, located in the university's Student Memorial Union, when the university campus was flooded last week. Officials estimated that the branch had three feet of water (News Now June 17). "In the aftermath of flooding in the Iowa City/Coralville area, we're pleased to be able to help those affected as it fits in well with the credit union philosophy of 'people helping people,'" said Jeff Disterhoft, president/CEO of the $619.2 million asset credit union.
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