MADISON, Wis. – Since activating the online disaster relief system one week ago, the National Credit Union Foundation is reporting its CUAid program has collected more than $53,000 for victims of flooding in Louisiana.
“However, the need for assistance has grown as the Red Cross said the Louisiana flooding is likely the worst natural disaster in the United States since 2012's Superstorm Sandy,” the Foundation said.
The Louisiana Credit Union League is reporting that the number of affected credit union employees will be around 150 to 200.
“Some employees are being housed in credit union board rooms because they have no place to go,” said Connie Major, EVP/CFO of the Louisiana Credit Union League. “This area has never experienced such a loss. Even worse: this is not a flood zone so many businesses and residents were not required to carry flood insurance. The devastation is beyond anything anyone could imagine and these residents need our help anyway possible.”
As donations are posted through CUAid.coop, the National Credit Union Foundation is coordinating with the Louisiana Credit Union Foundation in the disaster area to distribute money efficiently to affected credit union employees—100% of the donations through CUAid go to credit union disaster relief. In the event that all donations are not used for Louisiana flooding relief, the National Credit Union Foundation will transfer any and all unused funds to its "General Disaster Relief fund" for future disaster relief efforts.
For info: www.cuaid.coop