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Foundation Donates $3,500 to Help CU Staff Impacted by Flooding in CO
Wednesday, September 25, 2013 8:00 AM

In response to the recent floods in Colorado, the Cornerstone Credit Union Foundation is donating $3,500 CUAid. The National Credit Union Foundation (NCUF) yesterday announced it was activating the online disaster relief system CUAid.coop to raise money for credit union people in Colorado affected by recent flooding.

“One of the key functions of the Cornerstone Credit Union Foundation is to offer the credit union community support in times of disaster. Just as credit unions across the country have rallied to support credit unions in our region that have been affected by disasters such as tornadoes, hurricane, flooding and fire, the Cornerstone Credit Union Foundation is also poised to assist those credit unions in other parts of the country that need our help.”

Credit union supporters in every state can make donations 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.

“We, at the Mountain West Credit Union Association, initially didn’t think we were going to need much CUAid funding, but after we started receiving inquiries we were able to see the need from credit union members who could use a helping hand,” said Dan Santangelo, executive director of the Mountain West CU Foundation. “It is estimated that more than 10,000 credit union staff, volunteers, and members are in need of some type of assistance.”

Click here to make a donation

As donations are posted through CUAid.coop, NCUF will coordinate 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 goes 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.

CUAid was developed by NCUF in cooperation with state credit union foundations, state credit union leagues, and the Credit Union National Association’s Disaster Preparedness Committee in 2006.