Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
WOCCU to administer new international disaster relief fund
MADISON, Wis. (11/28/07)--Four credit unions ravaged by floods last month in the Dominican Republic will receive grants for immediate rebuilding from CUNA Mutual Group’s Global Credit Union Disaster Relief Fund. The new fund is administered by World Council of Credit Unions (WOCCU) and was established to provide immediate financial assistance when a disaster strikes international credit unions. The first grant of $5,000 was sent to Asociación de Instituciones Rurales de Ahorro y Crédito (AIRAC), World Council’s member in the Dominican Republic. AIRAC will oversee the grant distribution to affected credit unions. “This grant will help the local credit unions and, through them, their many members, get back on their feet more quickly,” said Javier Tejeda-Vera, vice president of Latin America for CUNA Mutual Group. The region has many farm families who need to replant their crops lost in the floods. AIRAC has 14 credit unions with more than 200,000 credit union members in the Dominican Republic. They recently signed a partnership with the Wisconsin Credit Union League, and AIRAC leaders were visiting Wisconsin earlier this month when they learned of the grant. The Worldwide Foundation for Credit Unions often carries out special appeals when a disaster strikes in countries with a credit union system. Valerie Breunig, Worldwide Foundation executive director, said this program differs from traditional relief appeals. “The CUNA Mutual Global Credit Union Disaster Relief Fund is a permanent program, ready to allow WOCCU to respond immediately when disaster strikes, without waiting for a fundraising appeal,” Breunig explained. “This is the first of its kind for World Council.” To donate to the Worldwide Foundation for general credit union preparedness, use the resource link for WOCCU and click "Support WOCCU" or call Valerie Breunig at 608-395-2055.
Other Resources

RSS print
News Now LiveWire
Of $1.3B in payments through mobile devices, 90% occurred at @Starbucks stores http://t.co/MN49JR1NXK
9 hours ago
.@LoveBethpage 1st to launch mobile debit/credit card control from @COOPFS http://t.co/kuq7onGuai
10 hours ago
A booming W Okla county gets its first #creditunion @TheHEFCU See #NewsNow http://t.co/svTyMnms0X
13 hours ago
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
15 hours ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
16 hours ago