WASHINGTON — Seeking more flexibility in how disaster donations are disbursed, the National Credit Union Foundation took steps last week to help out Alabama tornado victims at the same time it got donor approval to redesignate $200,000 in California wildfire contributions from last year.
Redeployment of the funds was necessary, said NCUF officials, to allow speedier transmission of financial aid to the needy by CUs, their leagues, vendors or volunteers regardless of the national calamity in which CU employees or members are victims.
Though there were no immediate requests, the redesignated moneys may eventually be sought for victims of this month's Midwest floods devastating rural communities across Missouri, Arkansas and Indiana, said NCUF.
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