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Southeastern CU Foundation to match storm donations to CUAid
MADISON, Wis. (5/12/11)--Credit unions and the communities they serve have a resource to assist them in getting back to “business as usual” following the devastating storms across Alabama on April 27. The Southeastern Credit Union Foundation (SECUF) has announced it will match up to $100,000 of donations made to CUAid for further community reinvestment projects. Since activating its online disaster relief system CUAid.coop, the National Credit Union Foundation (NCUF) has already raised over $65,000 from the credit union community. “We are working with the Southeastern Credit Union Foundation to distribute the funds,” Christopher Morris, NCUF director of communications told News Now. “They are granting the funds and have already starring giving some out.” SECUF has been continually working to initiate financial assistance to credit unions in need. The foundation is offering a chapter community project match to Alabama credit union chapters up to $10,000. This money will help chapters finish projects in their respective areas. The SECUF also announced a $25,000 donation to Red Cross of Alabama to help aid the many people displaced throughout the state. “The storm was so powerful that two weeks later there are still credit unions and credit union staff that need assistance,” said SECUF Chairman Joe McGee. “We’re extremely thankful that NCUF and our peer credit unions have risen to the occasion to aid in the disaster relief efforts for credit unions, their employees and members in Alabama. Our matching funds will only further the aid the SECUF and CUAid will be able to provide.” SECUF has given out nine separate $1,000 grants from the Disaster Relief Fund to individual credit union members. There was also an additional $975 in grants given to credit union members that had needs that fell outside of the traditional disaster relief assistance. “The outpouring of support from the credit union movement has been amazing,” Morris said. “A wide range of CU organizations and individuals have helped make a big difference to those credit union people in need.” Credit union supporters in every state can make donations through a secured website that accepts credit cards and wire transfers. As donations post through CUAid.coop, NCUF will coordinate with SEFCU to distribute money efficiently to credit union employees and members in the affected areas. For more information or to make a donation, use the links.
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