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News Now

CU System
TCUF distributes 239487 in 485 grants
FARMERS BRANCH, Texas (10/1/08)--The Texas Credit Union Foundation (TCUF) has distributed 485 grants totaling $239,487 to help those affected by Hurricane Ike. Ike made landfall in Galveston, Texas, Sept. 13. The foundation continues to receive grant applications from credit union employees (LoneStar Leaguer Sept. 30). Actual dollars received into TCUF’s disaster fund amount to $239,585.81. “We are very grateful for the level of support from our credit union family, not for us, but for the hundreds who have experienced such devastation and upheaval in their lives,” said Jill Pharr, TCUF executive director. Michelle Washington is one credit union employee who experienced devastation. While her apartment wasn’t damaged by the storm, she lost her valuables to looters, according to the Texas Credit Union League. Veronica Cromie of Galveston Island, Texas, lost her home in the storm. Cromie is homeless but continues to work at her credit union to serve members. Tara Caldwell, another credit union staffer, fled from the storm once the power went out. She ran out of gas while driving on the road. “It was a nightmare,” she told the league. Her home sustained water damage. “We’ve seen the devastation a disaster like this can have on property,” said league CEO Dick Ensweiler. “But the devastation to people is far grater. Families are pulling together, but there is a limit to everyone’s resources. We can and must do more to lend a hand throughout the region.”


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