Carolinas Foundation: Grants available to CU members affected by Hurricane Matthew
Tuesday, October 25, 2016
Posted 10/17/2016 at 2:00 PM
Updated 10/25/2016 at 9:03 AM
Editor's Note: On October 17, the Carolinas Foundation opened the disaster relief grant application process, and more than 400 credit union members and employees have applied for aid. However, due to limited resources in the Disaster Relief Fund, the Carolinas Foundation has suspended the application process effective Wednesday, October 26. This will give the organization time to review each application already received and distribute funds accordingly.
Hurricane Matthew brought torrential rains to North and South Carolina. And now more than a week after the storm, swollen rivers are still flooding communities where residents have been evacuated. The floodwaters have caused widespread damage in riverside cities and towns, and the Carolinas Credit Union Foundation is working with area credit unions to offer disaster relief aid to members.
Fayetteville Christian School students help clean out a flood damaged home, Friday, Oct. 14, 2016, in a Habitat for Humanity neighborhood in Fayetteville, N.C. Over 90 Habit for Humanity homes in Fayetteville were damaged by flooding from Hurricane Matthew flood.
Andrew Craft/The Fayetteville Observer via AP
Credit union members in the Carolinas impacted by Hurricane Matthew may now apply for the Foundation’s Disaster Relief Grant online. Grant funding ranges from $1,000 for critical need grants to smaller $300 grants. Completed applications are due by November 30, 2016.
“Credit union CEOs and branch managers are able to actively assist credit union members with the one-page grant application and then provide the member with a check once the grant is approved and processed,” noted Lauren Whaley, Foundation president. “We know credit unions want to offer personalized assistance and the Foundation’s grant provides just that.”
In hard hit areas like Eastern North Carolina, credit unions have already begun to assist affected members. Fort Bragg Federal Credit Union in Fayetteville, NC is offering members a zero interest emergency loan, while Telco Credit Union in Tarboro, NC is working to assist many of its members whose homes were flooded after rivers crested their banks.
Grant funding is made possible through contributions to the Carolinas Foundation’s Disaster Relief Fund, which has provided more than $1.02 million in aid since its establishment. Several credit unions have contributed in support of the fund including, Premier Federal Credit Union who has decided to match each employee donation, Charlotte Metro Federal Credit Union who made a $5,000 donation to the fund, and Founders Federal Credit Union who made a $15,000 donation.
Dollar-for-dollar, every donation received through the Disaster Relief Fund is disbursed for the purpose of the fund.
Latest Impact Reports
As of 2:00 PM Monday, October 17
In a news conference held on Saturday, October 15, Governor McCrory announced that state estimates show $1.5 billion in damage to 100,000 homes, businesses and government buildings in North Carolina. More than 24,000 North Carolinians have already applied for federal disaster assistance. State officials said that all rivers are expected to be below flood stage by October 24. Twenty-six deaths have been reported as a result of the storm and this number will likely rise as cleanup efforts continue (source: The Weather Channel).
According to the NC Department of Public Safety, power outages are still impacting just under 39,000 people late last week, down from nearly 900,000 when the storm hit. Parts of the state’s major thoroughfare, Interstate 95, will remain closed until the beginning of November, and multiple roadways are closed in Central and Eastern North Carolina due to debris and flooding.
Flooding is still a danger in the northeastern part of South Carolina. The National Weather Service said late Sunday that flooding is still a threat along the Great Pee Dee River in Marion and Florence counties as well as the Black River in Williamsburg County. Flooding is also still a risk along the Little Pee Dee River at Galivants Ferry in Horry County and forecasters said flooding continues along the Waccamaw River at Conway. At least five deaths have been reported as a result of the storm (source: The Weather Channel).
Electric utilities in South Carolina reported about 5,000 customers had no service Monday morning. The Department of Transportation reported 107 roads were still closed by the storm, along with 23 bridges.