Home > Pressroom > News Release: Credit union foundation grants flood relief

 

For Immediate Release Contact: Patrick Harris Director of Media Relations Ohio Credit Union League pharris@ohiocul.org 800-486-2917

Ohio Foundation Grants $5,000 in Relief to Iowa Colleagues

OCUL to promote relief efforts to Web site visitors

Dublin, Ohio (June 20, 2008) – The Ohio Credit Union Foundation (OCUF) announced the disbursement of a $5,000 Disaster Relief Grant to the Iowa Credit Union Foundation to assist credit unions, their employees, volunteers, and members affected by the ongoing floods.  This is the first disaster relief grant issued by OCUF in 2008.

“Thousands of our Midwest friends are suffering as a result of this record flood event,” said Becky Hart, Executive Director of the Ohio Credit Union Foundation.  “The Foundation and its credit union contributors from across Ohio are proud to be able to provide this grant to the victims of the devastating floods and we will continue to encourage additional donations from credit unions in our state.”

According to the CUAid.coop Web site, more than 20 credit union locations in several metropolitan areas have closed due to flood conditions, and many others have been impacted by Internet and phone outages occurring throughout Iowa.  The Ohio Credit Union League has placed a link to the CUAid Web site prominently on its Web site in hopes of driving additional traffic to the flood relief effort.  The Ohio CU League is also encouraging its member credit unions to consider donating to the efforts.

In 2007, the Ohio Credit Union Foundation provided $85,000 in disaster relief assistance. The funds were provided to credit unions and credit union organizations to assist teachers who lost uninsured personal classroom supplies in both floods and fires; help members replace necessities such as food, clothes, and furniture lost during August floods in Ohio; help schools replace art classroom supplies and cover other uninsured losses sustained during floods; assist victims of the California wildfires, and victims of an earthquake in Peru. OCUF’s goal is to grant $250,000 in 2008, its 10-year anniversary.

-30-

The Ohio Credit Union League, with offices in Dublin, is a state trade association representing 438 credit unions. Credit unions are not-for-profit financial institutions owned and democratically controlled by their members. Ohio credit unions provide savings, loans, and other consumer financial services to their 2.6 million members. To learn more, visit www.OhioCreditUnions.org.