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News Now

CU System
World Council Will Provide Relief To Haiyan Victims
MADISON, Wis. (11/12/13)--In the wake of super typhoon Haiyan, one of the most powerful storms ever recorded to make landfall,  the World Council of Credit Unions is in contact with local authorities in the Philippines to assess how to best help the 4.5 million people affected.
 
According to the World Council's 2012 Statistical Report, there are 1,320 credit unions in the Philippines serving 4.3 million members. The World Council has committed resources, including donations made to the Worldwide Foundation for Credit Unions, to alleviate suffering of Philippine citizens who are credit union members.
 
The World Council also is set to provide disaster relief to credit union staff and support credit union rebuilding efforts following this latest disaster. Much-needed cash contributions from credit unions and individuals will provide assistance to those whose lives have been devastated by the disaster.
 
To support the international credit union disaster relief fund and rebuilding of Philippine credit unions, payments via check, credit card or wire may be sent to: Worldwide Foundation for Credit Unions, Inc., 5710 Mineral Point Road, Madison, Wis.  53705, or online at www.woccu.org /give. Contributors should indicate the donation is designated for Philippine Disaster Relief Fund.
 
According to reports, authorities fear as many as 10,000 people may have been killed by typhoon Haiyan and as many as 9.7 million may have been affected in the Philippines.
 
The World Council has led relief and rebuilding efforts during past international disasters, including the January 2010 Haitian earthquake, February 2006 Philippine Islands landslide, and December 2004 Asian tsunami. Following the Haitian earthquake, WOCCU led a $1.2 million dollar project to provide immediate relief, provide shelter and revitalize the country's credit union system. Following the 2006 Philippines landslide in Leyte, WOCCU supported the local league's administration of "livelihood loans," small microloans that helped credit union members and employees rebuild their homes and businesses.


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