Carolinas Foundation: CUs rally to aid in hurricane relief efforts, raising $436K
Wednesday, October 4, 2017
Since the devastation of last month’s hurricanes, credit unions, employees and members in the Carolinas have provided tremendous support for those affected in Florida, Texas, Puerto Rico, and the Caribbean—raising more than $436,000 and counting! Total contributions—tracked by the Carolinas Credit Union Foundation—were made through its own Disaster Relief Fund, the National Credit Union Foundation’s CUaid, and World Council of Credit Union’s Caribbean Relief Fund.
Notably, a large portion of these donations comes from Coastal Credit Union, who recently contributed a combined $300,000 in unrestricted aid to CUaid and the Worldwide Foundation for Credit Unions. Another factor that enhanced the contributions from the Carolinas was the Carolinas Foundation’s decision to implement a grant-matching campaign following each call for aid.
After Hurricane Harvey, the Carolinas Foundation announced a grant match up to $5,000 to encourage support in the Carolinas. “The response was overwhelming which is not surprising coming from the credit union industry,” shared Lauren Whaley, Foundation president. “We had credit unions pushing out the message to their employees and even their membership as everyone wanted to lend support to those affected. Premier Federal Credit Union even decided to match its employee donations so the impact was tripled.”
The Carolinas Foundation also launched another $5,000 donation match for Florida and then $2,500 each to Puerto Rico and the Caribbean after Hurricanes Irma and Maria. All donations received by the Carolinas Foundation are being disbursed dollar-for-dollar to the National Foundation or WOCCU per the request of the donor, and all donors are being recognized for their support.
About the Carolinas Foundation’s Disaster Relief Fund
The Carolinas Foundation’s Disaster Relief Fund is a restricted fund that aids any disaster-stricken members of the credit union movement including credit unions, other foundations and credit union employees, members, and volunteers. Through its history, more than $1.04 million has been awarded in disaster relief aid.
Coastal Credit Union answers plea for hurricane relief with $300K donation to CUaid & WOCCU (10/2/17)
Carolinas Foundation joins in efforts to aid Puerto Rico, Caribbean islands (9/28/17)