The National Credit Union Foundation said Thursday it is accepting donations through CUAid.coop to raise money for credit union people affected by Hurricane Maria.
"Based on news reports and limited communication with credit union staff in Puerto Rico, the situation is truly dire," said Foundation Communications Director Christopher Morris. "With CUAid now actively assisting credit union people affected by three large-scale disasters, we are now directing people to donate to the Foundation's General Disaster Relief Fund, which will allow us the flexibility to direct dollars to wherever they are needed most on an ongoing basis."
To distribute funds to credit union people in Puerto Rico, the Foundation will coordinate with the New York Credit Union Foundation. A number of credit unions on the island are members of the New York Credit Union Association through the partnership programs facilitated by the World Council of Credit Unions.
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Credit union supporters in every state can donate to the General Disaster Relief Fund at cuaid.coop.
Donations to the Foundation's general disaster relief fund will be used for all credit union employees and volunteers affected by Hurricane Maria, Hurricane Irma and Tropical Storm Harvey.
More than 10,000 credit union staff and volunteers have been potentially affected by these three disasters, according to the Foundation.
The Cornerstone Credit Union Foundation has already distributed 1,090 "Phase I/Critical Needs" grants totaling $990,000.
"While the movement has already raised an impressive $1.8 million collectively to help credit union people, the recovery effort in all areas affected is expected to take months," Gigi Hyland, foundation executive director, said. "Your continued donations will make a tremendous impact in helping people put their lives back together. The resounding support thus far is a shining example of the credit union philosophy of 'people helping people'."
One hundred percent of the donations through CUAid go to credit union disaster relief. The Foundation said it does not use disaster relief funds to pay for the CUAid.coop web platform or any of the Foundation costs to administer the national disaster relief program for credit unions.
In the event that any donations to the general disaster relief fund are not used for Hurricane Maria, Hurricane Irma and Tropical Storm Harvey, the funds will be used for any future credit union disaster relief efforts.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
