MADISON, Wis. – The National CU Foundation yesterday said it has raised more than $100,000 in financial assistance in less than a week for credit union employees and members affected by Hurricane Sandy.
As donations are posted through CUAid.coop, NCUF is coordinating with the New Jersey CU League and the CU Association of New York to distribute money efficiently to affected credit union employees and members. The Foundation said 100% of the donations through CUAid go to credit union disaster relief. In the event that all donations are not used for Hurricane Sandy relief, NCUF will transfer any and all unused funds to its “General Disaster Relief fund” for future disaster relief efforts.
“The damage from Hurricane Sandy continues to impact many New York credit unions, their employees and members. Countless remain without power, heat and other basic necessities, while some have completely lost their homes,” said William Mellin, president of the CU Association of New York. “The need for financial assistance is great, which is why I am asking everyone to open your hearts and give whatever you can.”
Credit union supporters in every state can now make donations at cuaid.coop. The Foundation said CUAid is the only program of its kind that enables credit union employees, volunteers, and members, as well as credit unions and credit union organizations across the U.S., to contribute directly to support other credit union people.