Iowa credit unions in flood-ravaged areas along the MaquoketaRiver stepped up their relief efforts Thursday to provide financialaid to their members and help out community groups working in floodrelief.

|

Executives of the $465 million DuTrac Community CU of Dubuque,one of the area's largest, said they were astonished at memberoutpouring to a special charity fund which in one day raised$10,000 for flood aid.

|

"DuTrac wanted to be first out of the door to help provide acash donation and challenge other area residents and businesses todonate to those in need," explained Jason Norton, senior vicepresident-marketing/business development.

|

Earlier this week, DuTrac started handing out checks to localgroups which have been trucking in food, water and buildingsupplies to the hard-hit Delhi area which had witnessed thebursting of the Lake Delhi dam last weekend.

|

Meanwhile, DuTrac's competitor, the $886 million DupacoCommunity CU also of Dubuque, said it, too, has implemented severalspecial member assistance programs, including fixed rate emergencyflood loans, loan payment deferral, fee reimbursement, and no-costreorders on checks and debit cards.

|

"During these trying times, Dupaco is here to lend a helpinghand," said CEO Robert W. Hoefer. "If financial difficulties arise,we encourage members to contact our financial counselors as soon aspossible

|

On fund-raising, Dupaco said it has been referring monetarydonors to local agencies like the American Red Cross and United Wayconsidering "they have the quickest and most direct impact toaddress community needs."

|

DuTrac's Norton said he is unable to estimate how much might beadded to the $10,000 but he expects considerably more this weekendwhen 10,000 bikers converge on the flooded area during a charitydrive, the annual RAGBRAI race sponsored by the Des MoinesRegister. RAGBRAI stands for Register annual Great Bicycle RaceAcross Iowa.

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.