According to a November 18 report by the Philippine National Disaster Risk Reduction and Managment Council,Typhoon Haiyan has killed 3,976 individuals, injured 18,175 and displaced 850,808. Ten million people have been affected as the superstorm ravaged homes in villages such as Tacloban, destroying "every single building, every single house," according to U.S. Marine Brig. Gen. Paul Kennedy in a USA Today report.
Forty cooperatives in the the National Confederation of Cooperatives (NATCCO) network have been affected by the typhoon including 500 staff members; and this number is expected to rise since not all credit unions within the network have submitted their reports. Typhoon Haiyan's greatest impact on credit unions is in Leyte, Eastern Samar, Capiz, Tacloban and Cebu municipalities and has the potential of distressing 1.5 million cooperative members.
Immediately after the storm, many credit unions visited or sent text messages to ensure staff and members were alright. The capacity to restore financial services is depending on the level of damage to each credit union facility. Generally, many cooperatives opened within one week after the typhoon and are currently running on generators. However, three credit unions in Leyte have not re-opened as well as the largest credit union in Tacloban City that has been severely damaged from wind and flooding.
Types of financial services and operations vary among cooperatives; however, most are trying to provide members with access to their savings. In many cooperatives members are requesting access to calamity loans so they may begin to rebuild their lives; while others who have such insurances are beginning to process their claims. In Cebu, credit unions are offering members access to generators so they can charge their cellphones.
As new information becomes available we will update this website. Please continue to check back or contact us if you have any questions.
World Council Response
Credit unions and their members have been deeply affected by this disaster. World Council is working with the Association of Asian Confederation of Credit Unions, NATCCO and VICTO National Cooperative Federation and Development Center, as well as other credit union connections on the ground, to assess credit union damages and strategize on how we might best respond to their relief needs.
World Council is also coordinating response efforts among the Asian, Australian, American, Canadian and Irish credit union systems to maximize impact and ensure credit unions have the resources they need to provide immediate and long-term services for their members.
The Worldwide Foundation for Credit Unions, World Council's official gift-receiving and grantmaking entity, is committing financial resources to help credit unions and their members rebuild. Donations are currently being collected and thanks to CUNA Mutual Group's existing disaster fund with the Foundation, a grant of $15,000 has already been given to NATCCO for rebuilding efforts.
World Council has worked with Philippine credit unions since 1996 and
the most recent project focused on model credit union building and
institutional branding.Following the 2006 Philippines landslide in Leyte, World Council
supported the local league's administration of "livelihood loans," small
microloans that helped credit union members and employees rebuild their
homes and businesses.
In 2010, World Council received presidential commendation in recognition of its credit union development work in the Philippines. In 2002, World Council received
the prestigious Herb Wagner Award from the National Credit Union
Foundation for its Philippines Credit Union Empowerment and
Strengthening program that transformed eleven credit unions from small
and insolvent institutions to self-sustainable credit unions.
How Donations Will Be Used
NATCCO and VICTO will receive a grant from the Worldwide Foundation and funds will be used to support the rebuilding efforts of credit unions in the affected areas. Your contribution will help purchase institutional-capacity items such as office equipment, generators, computers and furniture as well as the necessary rebuilding materials so the organization can assist members and help them be resilient during this devastating time. Foudnation grant recipients are required to provide the Worldwide Foundation with an itemized report and we will share progress with our donors as information is received.
DONATE: To get involved with World Council's disaster response please donate here.