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From the May-14, 2008 issue of Credit Union Times Magazine • Subscribe!

Funds Sought for Maine Flood Relief

WESTBROOK, Maine -- The Maine Credit Union League and the National Credit Union Foundation have launched a disaster relief effort for CU members and employees hurt by the state's recent flooding.

A northern part of the state in and around Aroostook County saw widespread flooding from the St. John River and from a record snowfall this year. The region, which borders Canada, has five credit unions with a total of 16 branches and roughly 42,000 members, according to league spokesman Jon Paradise.

In response to this disaster, the league has asked for help on behalf of credit unions in Aroostook County. Applications for assistance will be distributed at all credit unions in Aroostook County and, from all indications, there are many credit union members that have suffered significant losses and will be in need of immediate financial assistance. Any assistance and contributions to enable credit unions in Aroostook County to come to the aid of credit union members who have been impacted as a result of this disaster would be appreciated, the league said in a release.

John Murphy, president of the Maine Credit Union League, explained, "The credit union movement has a strong history of responding in times of crisis and we are hopeful that credit unions will again answer the call to help. We are glad we are able to move quickly in getting fundraising efforts underway to help, and make a difference to those in need at this difficult time."

To make a safe and secure donation to the fundraising effort to help credit unions help members in Aroostook County, visit www.cuaid.coop/maine and click on the Donate Now link.

--dmorrison@cutimes.com

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