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CUs Raise $53k Via CUAid; Need for Relief Grows in Louisiana
Tuesday, August 23, 2016 6:45 AM

NCUF Disaster Relief

Since activating the online disaster relief system CUAid last week for credit union people in Louisiana affected by the recent flooding, the National Credit Union Foundation has collected over $53,000. However, the need for assistance has grown.

The Red Cross said the Louisiana flooding "is likely the worst natural disaster in the United States since 2012's Superstorm Sandy." The Louisiana Credit Union League is reporting that the number of affected credit union employees will be around 150 to 200.

“Some employees are being housed in credit union board rooms because they have no place to go,” said Connie Major, EVP/CFO of the Louisiana Credit Union League. “This area has never experienced such a loss. Even worse: this is not a flood zone so many businesses and residents were not required to carry flood insurance. The devastation is beyond anything anyone could imagine, and these residents need our help in any way possible.”

Click here to make a donation

“CUAid is truly an example of the ‘people helping people’ philosophy that drives the credit union movement,” said Christopher Morris, Foundation director of communications. “The donations and support thus far has been amazing; but, unfortunately, our credit union brothers and sisters in Louisiana still need assistance getting their lives back together.”

As donations are posted through CUAid.coop, the National Credit Union Foundation is coordinating with the Louisiana Credit Union Foundation in the disaster area to distribute money efficiently to affected credit union employees. Fully 100 percent of the donations through CUAid goes to credit union disaster relief. In the event that all donations are not used for Louisiana flooding relief, the National Credit Union Foundation will transfer any and all unused funds to its General Disaster Relief Fund for future disaster relief efforts.

For more pictures (updated 8/22), courtesy of the Louisiana Credit Union League, click here.

About the National Credit Union Foundation (ncuf.coop):
The National Credit Union Foundation is the charitable arm of the U.S. credit union movement and works as a catalyst to improve people’s financial lives through credit unions. Through Foundation grants and programs, credit unions provide widespread financial education, create greater access to affordable financial services, and empower more consumers to save, build assets, and own homes.  Donations to the Foundation enable credit unions to help their members reach life-changing goals and achieve financial freedom. The National Credit Union Foundation is a 501(c)(3) tax-exempt charitable organization. The Foundation continues to earn the Better Business Bureau seal of approval as an “Accredited Charity” for meeting all 20 BBB Wise Giving Alliance Standards for national charities.