Iowa CUs Aid Flood Victims
Iowa credit unions contributed dollars and relief help to aid victims of the July 24 flooding at Lake Delhi dam and on the Maquoketa River.
For one, the $465 million DuTrac Community CU of Dubuque joined up with a gas station chain and radio DJs to support a fundraising campaign bringing in $25,000 plus eight truckloads of food and supplies in a matter of days.
"We're just thrilled and amazed at the response," said Jason Norton, senior vice president-marketing/business development. In addition to the cash donations, trucks were parked at Rainbow Oil stations to collect the supplies for distribution to residents in four eastern Iowa counties: Delaware, Dubuque, Jackson and Jones in areas which experienced record rainfall in late July.
Both DuTrac and its competitor, the $886 million Dupaco Community CU also of Dubuque, said they implemented several special member assistance programs with low rate loans. Dupaco said it was offering fixed rate emergency loans, payment deferrals, fee reimbursement, and no-cost reorders on checks and debit cards.
"During these trying times, Dupaco is here to lend a helping hand," said CEO Robert W. Hoefer. "If financial difficulties arise, we encourage members to contact our financial counselors as soon as possible.'"
In providing financial assistance, DuTrac said it was offering a 7% -36 month personal loan through Sept.30. The loan has a $10,000 maximum.