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CU System
Pennsylvania CU Assoc. partners with NCUF for flood relief
HARRISBURG, Pa. (9/20/11)--The Pennsylvania Credit Union Association’s (PCUA) board of directors approved $20,000--$10,000 each from PCUA and Pacul Services, Inc.--to be used to establish a fund with the National Credit Union Foundation (NCUF), jointly with the Pennsylvania Credit Union Foundation (PCUF), for Pennsylvania flood disaster relief. The funds supplement what NCUF may have received from credit unions and individuals through CUAid for disaster relief associated with Tropical Storm Lee in early September (Life is a Highway Sept. 19). The restricted funds will be used to assist credit union employees, volunteers, members, and credit unions in Pennsylvania who suffered losses not covered by insurance or any other government assistance. “It is in the spirit of cooperation and ‘people helping people’ that the association, Pacul Services, Inc., and the foundation have taken the initiative to establish the disaster relief fund,” said Jim McCormack, PCUA president/CEO. “We have been working as quickly as possible to assess the flood damage for credit union employees, members, and the credit unions. A number of credit union members and employees have sustained substantial losses, and others have suffered damage and lost personal possessions. Our thoughts and prayers go out to all of the victims who are recovering from this latest disaster.” Grants will range from $500 to $1,500. Grant applications will be available until Oct. 30. The grant application and criteria can be downloaded from the PCUF website. Grants will only be made to Pennsylvania residents to cover flood damage that occurred from Tropical Storm Lee earlier this month.
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