PHOENIX – With Phoenix serving as a growing center for Katrina evacuees, two of the state's largest credit unions, Arizona Federal and Desert Schools, have made donations to disaster relief funds and created programs for members to contribute cash. The $1.4 billion Arizona Federal said it will match up to $50,000 in funds donated by employees and members to the Red Cross Relief Fund and is separately donating $10,000 to the National Credit Union Foundation fund. Arizona FCU also is donating computer equipment and sending employees to CUs in the impacted areas. The $2 billion Desert Schools said its contributions have reached $75,000 including $25,000 donated to the American Red Cross for Hurricane Katrina relief and is giving $1,000 to the Arizona Credit Union Foundation. The CU said in a press release, "In addition, our generous members and neighbors donated over $47,000 in just three days" prior to the Labor Day weekend. "We also assisted in counting a single donation of $1,700 coins and facilitating a $1,300 donation of checks for the American Red Cross."

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

  • Critical CUTimes.com 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 Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.