Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
NEW: CUAid: $100K More Needed To Aid CU Members In Colorado Floods

MADISON, Wis. (10/7/13, UPDATED 3 p.m. CT)--Credit union people in Colorado affected by recent flooding have requested more than $200,000 in disaster relief, which means at least $100,000 still needs to be collected through CUAid.coop, the online disaster relief system for credit unions.
 
CUAid.coop was activated two weeks ago by the National Credit Union Foundation (NCUF) and Mountain West Credit Union Foundation (NWCUF). Since then, they have received more than $200,000 in requests but currently NCUF has about 40% of the funds needed to meet those requests.
 

Click to view larger image Pictured is the aftermath of flooding to a credit union member's condominium kitchen in Boulder, Colo. For more photos, use the "Photos of Flood's Aftermath" resource link.

The flooding that occurred in Colorado last month was devastating for thousands of Colorado residents. It destroyed nearly 2,000 homes, damaged another 16,000 homes, and hit hard nearly 1,000 businesses. Highways are just now starting to reopen on a reduced volume basis. Debris caused by the flooding is being removed from neighborhoods and business districts, allowing some people to begin rebuilding their lives, personally and professionally. 
 
"There are numerous folks who are still waiting for the infrastructure necessary to their lives to be rebuilt adequately, allowing them to return to their properties," said Dan Santangelo, executive director of the MWCUF. "Many people who need help are credit union members. Since our philosophy in credit unions has always been summed up by the phrase 'people helping people,' I'm respectfully, but urgently, asking you to help credit union members in Colorado as they try to move forward from this disaster."
 

Click to view larger image This photo shows a bedroom in a Boulder, Colo., credit union member's condominium after floods. For more photos, use the "Photos of Flood's Aftermath" link. (Photos provided by the National Credit Union Foundation)

For example, Michelle (last name withheld by request), a 35-year member of Elevations CU in Boulder, lost her home for a second time in the floods. The first time was due to a short sale that she suffered when her income as a realtor decreased 75% during the recession. The September flooding hit her 650 square foot condominium in Boulder with a four foot wall of water, destroying walls, doors and windows, along with all of her uninsured appliances, furnishings and personal belongings.

Michelle has been denied any help from the Federal Emergency Management Agency, and she is currently living in a motor home on a friend's property. She expects to remain there for the next six to eight months, while her condo is rebuilt. 
 
"We are hearing hundreds of stories similar to Michelle's and would like to help them with a CUAid grant," noted Santangelo. "Please consider helping Colorado credit union members by making a donation to CUAid."
 
Credit union supporters in every state can make donations at www.cuaid.coop. CUAid is the only program of its kind that enables credit union employees, volunteers, and members, as well as credit unions and credit union organizations across the U.S., to contribute directly to support other credit union people.
 
As donations are posted through CUAid.coop, NCUF is coordinating with the Mountain West foundation in the disaster area to distribute money efficiently to affected credit union employees and members. One hundred percent of the donations through CUAid goes to credit union disaster relief. If all donations are not used for Colorado Flooding relief, NCUF will transfer unused funds to its "General Disaster Relief fund" for future disaster relief efforts.
 
Organizations and individuals can use a variety of CUAid Web buttons, including those specific to the Colorado Flooding campaign, for their website. Use the link.

RSS





print
News Now LiveWire
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
1 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
2 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
2 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
3 hours ago
Pennies, nickels cost more to make than they are worth @usmint report http://t.co/FOT51DF8v2
3 hours ago