News
League Designated Fund Answers Carolinas Foundation Call for Hurricane Matthew Relief — 11/11/16
The West Virginia League Designated Fund along with others in a national effort, has answered the Carolinas Credit Union Foundation’s call with a donation of $5,000, towards their Disaster Relief Fund. In the aftermath of Hurricane Matthew, the Carolinas Foundation opened its disaster relief grant application process to help credit union members and staff impacted by the storm and subsequent flooding. To date, more than 600 credit union members and employees have applied for aid.
Due to limited resources, the Disaster Relief Fund of the Carolinas Foundation suspended acceptance of applications on October 26 due to high demand and put out a plea for additional help to fulfill grant needs.
“We are hearing heartbreaking stories from local credit unions. As flood waters have receded, members are returning to their homes to find everything destroyed and their homes flagged by FEMA as uninhabitable. Flooded roads are still preventing many residents of the small town of Princeville, NC from returning to and inspect damage in their homes,” said Lauren Whaley, President of the Carolinas Credit Union Foundation.
“From the June flooding in Southern West Virginia, to the Louisiana flooding in August, 2016 has been a tough year for many credit union members, “ stated West Virginia League President Ken Watts. “Our Designated Fund Committee met earlier this week and authorized funds be transferred from our National Credit Union Foundation account to the Carolinas Disaster Relief Fund. We hope in some small way, that these funds can help credit union staff and members begin rebuilding their lives.”
Whaley thanked the West Virginia League for its generosity and said she hoped to send out 300 credit union member grants by the end of next week. “With the additional funds raised, we hope to do another round of 200 grants before Thanksgiving. We have already processed a nearly dozen credit union employee grants as well. It has been a very busy few weeks.”
The Carolinas Foundation has set up an online donation link here.
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Purpose
The West Virginia League Designated Fund of The National Credit Union Foundation is a 501(c)(3) non-profit organization established to advancing credit unions’ social mission in West Virginia by supporting financial education, promoting charitable giving, and by providing disaster relief assistance within the credit union movement.