Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Hit by Katrina CU continues giving back
MADISON, Wis. (1/25/11)--Often in the credit union community, good works and deeds are not forgotten. The National Credit Union Foundation (NCUF) recently received a donation of more than $2,300 from a Gulfport, Miss.-credit union, the result of its employees’ ongoing effort to thank the credit union community for help received post-Hurricane Katrina. The donation from Gulf Coast Community FCU to NCUF is the most recent since employees there initiated a payroll deduction plan in 2006 as a way to show their appreciation for support they received from credit union employees across the country in the aftermath of Hurricane Katrina. Including this most recent donation, Gulf Coast Community has raised more than $16,000 for NCUF. “It is incredibly humbling to receive support like this from Gulf Coast Community FCU,” said Bucky Sebastian, NCUF executive director. “Both the support from credit unions after Katrina and Gulf Coast’s kindness make me proud to work in the credit union movement.” “Many of our staff lost their homes during the storm and were incredibly thankful for the outpouring of support,” added Debbie Pidek, executive vice president, communications/chief communications officer at Gulf Coast Community FCU, in a release. “We will be forever grateful for the generosity shown by so many credit union employees through the National Credit Union Foundation.” Soon after Katrina made landfall in 2005, the NCUF activated its Disaster Relief Fund. Donations from the credit union community helped hundreds of credit union employees and volunteers pay for emergency shelter, food, water, and other essentials needed for daily survival. Donations through NCUF also helped credit unions get up and running more quickly. Within days after Hurricanes Katrina and Rita, credit unions were able to reopen from makeshift offices and serve members who needed emergency assistance. In less than a year, the credit union community donated more than $3.3 million to the NCUF Disaster Relief Fund--a record for the credit union movement, according to the NCUF.
Other Resources

RSS print
News Now LiveWire
Even 1 step makes a difference in preparing for disasters #creditunions #NewsNow http://t.co/eFUmMJnIwA
7 hours ago
From today's @USATODAY front page, a shout out to #CreditUnions courtesy of @CUNA http://t.co/881vLPeECN
9 hours ago
Happy anniversary to the ATM! 45 years of self-service cash HT @GOBankingRates http://t.co/ycsm3GFwk5
10 hours ago
.@USATODAY print edition features #creditunion membership march to #100mm. Zoom in on lower left hand corner #NewsNow http://t.co/Xv8fyX7ces
11 hours ago
No special assessment for ASI member #creditunions in 2014. See #NewsNow http://t.co/NwL9eJwbiQ
11 hours ago