CU Aid Supporters Reallocate $180,000 for Major Disasters
|Responding to an appeal by the National Credit Union Foundation (NCUF), credit union supporters from across the country have reallocated over $180,000 in California wildfire relief donations to help credit union people wherever and whenever a major disaster strikes.|
This appeal has enabled NCUF to use CU Aid to make 17 more grants so far totaling over $87,000 for credit union employees and members who lost their homes after tornadoes ripped through Alabama.
“Thanks to the generosity of CU Aid donors in 31 other states, we were able to make meaningful grants of up to $10,000 to credit union families in Alabama,” reported NCUF Executive Director Steve Delfin.
Limited grant dollars are still available for credit union people who suffered unrecoverable losses from the Alabama tornadoes as well as California wildfires.
NCUF Executive Director Urges Credit Unions to “Prepare” for Disaster Relief Fundraising
|June 1 marks the official beginning of Hurricane Season. “Now we are encouraging credit union supporters in every state to consider donating through CU Aid before the next major disaster, wherever it may hit,” Delfin emphasized.|
“A critical component of disaster preparedness is disaster relief fundraising,” explained Delfin, a former disaster relief fundraiser for the American Red Cross National Headquarters. “While it is human nature to want to give in response to a disaster, we encourage credit unions to consider making disaster relief contributions now in advance so we can push funds out the door as soon as a disaster strikes.”
Delfin went on to say that the most important aspect of disaster relief fundraising is to have the capacity to do it built into credit union’s disaster preparedness and business continuity plans. “CU Aid provides the tools to do that if your interest is helping credit unions affected by major disasters.”
NCUF has restructured the CU Aid donation form to ensure that relief money can be channeled efficiently to any major disaster area that impacts credit unions, employees, volunteers and members.
100% of Donations Go Toward Grants
|NCUF dedicates 100% of disaster relief donations to grants. NCUF does not use disaster relief donations to pay for the cuaid.coop web platform, travel to disaster areas, or any of NCUF’s costs to administer the national disaster relief program for credit unions.|
“CU Aid is one of many ways our Foundation gives back to the credit union movement to thank donors for all their generosity,” Delfin concluded.
|CUAid.coop is the national online disaster relief fundraising system for credit unions. CU Aid was developed by the National Credit Union Foundation in cooperation with state credit union foundations, state credit union leagues, and the Credit Union National Association’s Disaster Preparedness Committee.|
Disaster relief funds raised through CU Aid may be used for a broad range of disaster-related needs as identified by credit union organizations serving the affected areas. These needs include, but are not limited to:
Critical Needs - Credit union employees and volunteers can receive financial assistance for daily living items such as food, water, ice, batteries, clothing, diapers, temporary shelter, housing, gas and transportation.
Longer-term Recovery Needs - After they recover what they can from insurance payouts, survivors may need assistance rebuilding or relocating to a new home, replacing lost vehicles and household items. As long as funds remain in the NCUF Disaster Relief Fund, NCUF in concert with its agent(s) managing the recovery efforts may expand the grant criteria to include these and other longer-term recovery needs that are not fully covered by insurance.
Reasonable Operational Needs - While the first priority is to assist credit union employees and volunteers, assistance may also be provided directly to credit unions and their support organizations in order to help them become and remain operational. Operational expenses related to disaster recovery may include items such as relocating, setting up temporary service facilities, joining shared service networks, hiring temporary staff, mentoring and counseling traumatized staff, repairing building damage, replacing destroyed computer software/hardware, office furniture, office supplies, and other needs that are not fully covered by insurance.
Assisting Credit Union Members - While CU Aid’s individual grant guidelines focus first on credit union employees and volunteers, some funds may be used to provide disaster-related services to members.
|Watch an emotional video featuring several California wildfire survivors who received grants from NCUF. This video produced by the California Credit Union League highlights grant presentations to credit union members who are bravely recovering from devastating losses.|