RALEIGH, N.C.–State Employees Credit Union has made a $125,000 donation to the Worldwide Foundation for Credit Unions to support Project Storm Break, the disaster relief fund helping credit unions in The Bahamas recover from of Hurricane Dorian.
The gift from SECU accounts for more than one-third of the $348,000 in donations made to Project Storm Break to date, according to the Worldwide Credit Union Foundation.
“State Employees’ Credit Union members and board understand the life-changing impacts of hurricanes and realize the terrible harms which have been wrought on the good folks of The Bahamas,” said SECU CEO Mike Lord. “We hope this donation will help them put their lives back together through the support of their local credit unions. We know that World Council of Credit Unions and Worldwide Foundation for Credit Unions do much good in the world and we support your efforts.”
Project Storm Break funds have already been distributed to help four credit unions restore infrastructure and replace equipment at branch locations on Grand Bahama—one of the island’s hit hardest by Dorian, according to the Worldwide Foundation.
The Worldwide Foundation is working with the Caribbean Confederation of Credit Unions to get the funds deployed at CUs in need.
Public Workers Co-operative and National Workers Co-operative were the first Bahamian credit unions to receive rebuilding and restoration funds available through Project Storm Break in early October.
Project Storm Break funds are now being distributed to help Grand Bahama Co-operative Credit Union and Bahamas Law Enforcement Credit Union repair infrastructure and replace equipment, the Foundation said.
“The generosity of Mike and his team at SECU is truly remarkable. We are so grateful to them and all our Champions helping credit unions in The Bahamas rebuild,” said Mike Reuter, Executive Director of Worldwide Foundation for Credit Unions.
An Earlier Start
Added Brian Branch, president of the World Council of Credit Unions, “Developed as a forward-prepared fund, Project Storm Break has allowed us to provide funds earlier than in past disaster relief efforts. This allows credit unions to begin restoration and repair work before the price of materials skyrocket and local contractors are tied up with other work—as we saw in Puerto Rico and Dominica after Hurricane Irma.”
Worldwide Foundation for Credit Unions continues to accept applications from credit unions seeking rebuilding and restoration funds available through Project Storm Break.
For more information, go here: http://www.doglobalgood.org