Inside the Foundation  
 
One Year Later: Post-Hurricane Harvey
Thursday, August 30, 2018 7:00 AM

One year has passed since Hurricane Harvey wreaked havoc on the southern Texas coast. It was a storm so big, it's given a date range instead of a single date of landfall. As the winds from Harvey turned into a tropical storm and traveled east along the coast, the winds were no longer the main threat for disaster. Rain poured like many native Texans had never seen before. Floodwaters spilled into many people’s homes, destroying memories and leaving behind massive destruction.

The Cornerstone Credit Union Foundation was able to provide grant assistance to 1,342 individuals affected by Harvey, totaling $2,105,680. Among the affected individuals—from 118 credit unions—1,236 were staff and 106 were volunteers. There were 1,329 Phase I grants and 318 Phase II grants distributed across the region.

Thanks to the thousands of generous donors across the nation, the Foundation was able to provide hope and relief for our credit union communities in their urgent time of need.

Navy Army Community Credit Union President/CEO Gary Morrow remembered employees who were greatly impacted by the storms. "There are so many stories of personal struggle and triumph in the days and weeks that followed, and the assistance and fellowship offered by the league stands tall in our memory. The grants provided much-needed assistance to more than 175 employees and their families, totaling over $160,000 in grants."

"The Cornerstone Credit Union League's assistance did more than impact our employees' recovery," Morrow went on. "They assisted in strengthening our culture of community, connection, and commitment to each other. They helped us to be proud and self-sufficient as we helped our own."

Neches Federal Credit Union President/CEO Jason Landry said more than 50 percent of his team were personally affected by the devastating floods. "Immediately following the impact of the storm, the Cornerstone Credit Union League and Foundation mobilized in support of our credit union and the many others that were affected along the Gulf Coast," Landry said. "The Foundation swiftly helped distribute disaster recovery assistance to our team that needed it most. This directly relates to the core credit union value of mutual self-help, cooperation, economic empowerment, and volunteerism."

"Beyond the financial support, Cornerstone took the time to personally visit our credit union and employees who were directly affected," said Space City Credit Union President/CEO Craig Rohden. "This personal time and attention had a profound impact on our employees, maybe as much as the financial support. People need to know their employer and industry support them in times of need, and Cornerstone certainly went above and beyond in helping us drive home this message."

The Foundation’s philosophy behind its disaster relief grants program is to assist credit union staff and volunteers with getting back on their feet so that they may return to serving their members; thus, truly exhibiting the “People Helping People” philosophy.

For guidance on hurricane preparedness, see NCUA's Q3 2018 Report.