Inside the Foundation  
 
At Least $100k+ Needed for CU Members Affected by Colorado Flooding
Tuesday, October 08, 2013 8:00 AM

Since activating its online disaster relief system CUAid.coop two weeks ago, the National Credit Union Foundation (NCUF) and Mountain West Credit Union Foundation have already received over $200,000 in grant requests from credit union people in Colorado affected by recent flooding. However, there is still a large need for financial assistance as NCUF currently only has approximately 40 percent of the funds needed to meet those requests. 

The flooding that occurred in Colorado last month has been devastating for thousands of Colorado residents. Almost 2,000 homes were destroyed and another 16,000 homes were damaged. Almost 1,000 businesses were hard hit as well. It has now been several weeks since the deluge, and highways are starting to reopen, even if on a reduced volume basis. Furthermore, the debris caused by the flooding is being removed from neighborhoods and business districts, thus allowing some people to begin rebuilding their lives, personally and professionally. 

“There are numerous folks who are still waiting for the infrastructure necessary to their lives to be rebuilt adequately, allowing them to return to their properties,” said Dan Santangelo, Executive Director of the Mountain West Credit Union Foundation. “Many people who need help are credit union members. Since our philosophy in credit unions has always been summed up by the phrase ‘people helping people,’ I'm respectfully, but urgently, asking you to help credit union members in Colorado as they try to move forward from this disaster.”

The Cornerstone Credit Union Foundation donated $3,500 last month. Online donations may be made at www.cuaid.coop. CUAid is the only program of its kind that enables credit union employees, volunteers, and members, as well as credit unions and credit union organizations across the U.S., to contribute directly to support other credit union people.

As donations are posted through CUAid.coop, NCUF is coordinating with the Mountain West Credit Union Foundation in the disaster area to distribute money efficiently to affected credit union employees and members. One hundred percent of the donations through CUAid go to credit union disaster relief. In the event that all donations are not used for Colorado Flooding relief, NCUF will transfer any and all unused funds to its "General Disaster Relief fund" for future disaster relief efforts.