LATHAM, N.Y. – In September, the New York Credit Union Foundation announced the recipients of credit unions’ outpouring of support for individuals and institutions harmed by the World Trade Center attacks one year before. Over the course of the year since the attack, the Foundation collected more than $1.4 million from credit unions, credit union leagues, and individuals around the nation and the world. The Foundation used $112,500 to provide grants to families of credit union members lost in the assault. Victims’ families had until December 31, 2002 to apply for a $1,000 direct cash assistance grant. The Foundation gave $150,000 to fund an annual scholarship for the dependents of credit union members lost in the attack. It made $333,153 in grants to 10 credit unions below Canal Street in Manhattan. The Foundation awarded $611,500 to uniformed services of the city of New York (fire service, police services and the Twin Towers Fund). Of that,$600,000 will go to the New York Fire Department to establish the department’s Special Operations Command Center. The Foundation used $200,000 to establish a relief fund for credit union members otherwise affected by the tragedy.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.