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Cornerstone Credit Union Foundation Donates $3,500 to International CU Disaster Relief Fund
Tuesday, November 12, 2013 7:00 AM

In the wake of super typhoon Haiyan, one most powerful storms ever recorded, the Cornerstone Credit Union Foundation (Foundation) Board of Trustees has approved a $3,500 donation to the International Credit Union Disaster Relief Fund.

The World Council of Credit Unions (WOCCU) says it is in contact with local authorities in the Philippines to assess how to best help the 4.5 million people affected. WOCCU says much-needed cash contributions from credit unions and individuals will provide assistance to those whose lives have been devastated by this terrible disaster.

To support the international credit union disaster relief fund and rebuilding of Philippine credit unions, payments via check, credit card or wire may be sent to: Worldwide Foundation for Credit Unions, Inc., 5710 Mineral Point Road, Madison, WI 53705, USA.

“Our hearts go out to everyone who has been impacted by typhoon Haiyan,” notes Foundation Executive Director Courtney Moran. “They have a long road to recovery ahead of them, and just as the credit union community has come to our aid when hurricanes, fires, flooding and tornadoes have devastated our region, we are here to help our credit union family in the Philippines.”

According to reports, typhoon Haiyan has killed an estimated 10,000 people. The situation has the potential to worsen should displaced credit union members and others not receive necessary assistance. WOCCU worked with Philippine credit unions from 2007-2010 and focused on model credit union building and institutional branding. According to WOCCU’s 2012 Statistical Report, there are 1,320 credit unions in the Philippines serving 4.3 million members last year. WOCCU has committed resources, including donations made to the Worldwide Foundation for Credit Unions, to alleviate suffering of Philippine citizens who are credit union members.

Individuals may make donations with a credit card online at www.woccu.org/give.  For additional information, contact: Calyn Ostrowski, Director, Worldwide Foundation for Credit Unions, (608) 395-2056 or via email at costrowski@woccu.org.

Please indicate that your donation is designated for Philippine Disaster Relief Fund.