QUEZON CITY, Philippines — On Nov. 8, the most powerful storm ever recorded, Typhoon Haiyan, ripped through the Philippines. According to initial reports, the typhoon killed an estimated 10,000 people. 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, the Philippine's National Confederation of Cooperatives (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.
SANTIAGO, Chile — On Feb. 27, a massive 8.8-magnitude earthquake struck southern Chile. The disaster displaced 1.5 million people and is estimated to have claimed more than 700 lives. Chile's financial cooperatives, with the assistance of the country's largest credit union, COOPEUCH, were able to assist their members with emergency relief despite the fact that many credit unions and their branches were damaged or destroyed. The credit union's charitable foundation, Fundación COOPEUCH, collected funds which will be used to help all credit unions in rebuidling. The Worldwide Foundation for Credit Unions made a donation of US$25,000 to Fundación COOPEUCH to support their efforts.
PORT-AU-PRINCE, Haiti — The world's eyes were on Haiti on Jan. 12. Follwing the 7.0 magnitude earthquake, more than 200,000 people were killed, an estimated 300,000 were injured and one million were made homeless. Many caisse populaires (credit unions) were completely destroyed. WOCCU's development program in Haiti lost its office headquarters and many staff lost their homes - forcing them and the credit union members to work and live out of tents. WOCCU responded immediately with cash and satellite phones followed by food, water and more than 50 tents to be used as temporary credit union branches and homes.
Thanks to the generous support of credit unions, credit union leagues and associations and individuals around the world, more than US$1 million has been raised for Haiti relief to date. The remaining funds will help cover rebuilding efforts as well as much needed psychological counseling for those affected by the trauma of the disaster.
In response, WOCCU's member association in El Salvador, FEDACACES, formed a solidarity commission. The commission was organized in order to coordinate and monitor the most appropriate, fair and transparent identification of needs and delivery method for the aid received. Almost US$50,000 in aid was distributed to credit union staff, members and their communities as a result of dontations to the Worldwide Foundation.