Cornerstone Foundation is committed to the credit union philosophy of "people helping people." That's why we stand ready to support credit union communities when disaster strikes.
In the face of the COVID-19 pandemic and the looming storm season, all of us are facing a new normal, and it's time for credit unions to be strong and ready. The Southeastern Credit Union Foundation and the Cornerstone Credit Union Foundation have partnered to present a complimentary webinar, "United. Strong. Ready: Credit Union Disaster Preparedness," held on June 10, 2021.
During this engaging webinar, you will learn how to best prepare your credit union for any upcoming natural disasters. Special guests will also share their expertise, insights, and practical steps when faced with unforeseen disasters.
Credit unions are known for their quick and generous support of disaster relief efforts. Working together with the National Credit Union Foundation, CUNA, other Leagues, and affected credit unions, funds are distributed directly to those credit union staff and volunteers in need, so they can stabilize their lives and continue to serve their members.
The term “disaster” for grant guidelines shall include natural disasters such as hurricanes, tornadoes, floods, earthquakes, wildfires, and other weather disturbances, as well as man-made disasters such as fire and acts of terrorism. The term shall exclude; financial disasters such as recessions and depressions and local, regional or national health events such as accidents, epidemics or pandemics.
Arkansas, Oklahoma, and Texas credit union staff and volunteers currently employed or serving at the time of the disaster and during the grant process. Grants are limited per household and not per individual. Damages and losses that occur and are eligible to be considered for assistance must be for primary residence or vehicle only. Excessive vehicles, second homes, or places of business shall be excluded.
The Foundation has established a two-phase process when disaster occurs:
Provided to credit union employees and volunteers to assist with immediate disaster relief needs, such as out-of-pocket costs that may result from being evacuated, insurance deductibles, and initial property repairs.
Intended to assist credit union employees and volunteers with significant needs. This is implemented only after the distribution of Phase I grants. Phase II begins 90 days after the respective disaster and is dependent on the funds available.