Posted 10/25/2016 at 12:45 PM
Updated 10/26/2016 at 4:01 PM
In a letter to credit union leaders this week, the Carolinas Credit Union Foundation emphasized the need for donations to its Disaster Relief Fund as an exceeding number of affected credit union members and employees have applied for aid following Hurricane Matthew. Carolinas Foundation President Lauren Whaley went on to describe the flood damage left in the wake of the storm, especially in eastern North Carolina.
Video: Governor McCrory tours Princeville, visits disaster recovery center in Rocky Mount (YouTube)
“We are hearing heartbreaking stories from local credit unions,” said Whaley. “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.”
Last week the Carolinas Foundation opened the disaster relief grant application process, and already more than 500 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, with the most pressing financial needs taking highest priority.
“Our hope is to reopen the application process once additional donations are received and we are able to provide assistance to even more members,” Whaley stated.
For more information about the Disaster Relief Fund and to donate, please click here.