New York Foundation Disburses 9/11 Donations

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.