NCUF, Washington, Ohio, and Oklahoma CU Foundations Commit 1.2 Million Pesos for Philippines Disaster Relief
First Responders' Funds Will Help Mudslide Survivors in CU Community
WASHINGTON, D.C. (3/3/06) – Moving swiftly after
the devastating mudslides in the Philippines, the
National Credit Union Foundation (NCUF), the
Washington Credit Union Foundation (WCUF), the
Ohio Credit Union Foundation, and the Oklahoma
Credit Union Foundation have wired a combined
$23,000 – 1.2 million Philippine pesos – to help
survivors in the credit union community.
As relief workers dug through 13 feet of mud
searching for 1,800 missing people, it became
clear that credit union employees and members
would need immediate help. First responders were
led by the Washington Credit Union League and
Affiliates, which heads the World Council of
Credit Unions (WOCCU) International Partnership
Program with the Philippines credit union
"The Washington Credit Union Foundation raised
disaster relief funds in advance so we would have
money available to provide immediate relief
wherever a disaster strikes our credit union
friends," explained WCUF and NCUF Board Member Bob
Schumacher. "Within hours of WOCCU's appeal for
relief in the Philippines, the WCUF Grants
Committee came together on a conference call and
approved a $5,000 grant to help our friends in the
The National Credit Union Foundation wired
$15,000 from existing funds. "Thanks to donors
who made undesignated contributions to the NCUF
Disaster Relief Fund in 2004," noted Executive
Director Steve Delfin, "we were able to provide
emergency relief for the Philippines while
ensuring that all $3.2 million raised for
Hurricane Katrina remains committed to credit
union recovery efforts on America's Gulf Coast."
The Ohio Credit Union Foundation also responded
quickly with a $2,500 grant. "Our connections
with Lois Kitsch, who worked extensively with
WOCCU in the Philippines, allowed us to understand
the extent of the personal suffering that resulted
from this natural disaster," said Executive
Director John Florian. "We were thrilled to have
the opportunity to provide assistance."
The Oklahoma Credit Union Foundation added
All funds were wired to WOCCU's Worldwide
Foundation for Credit Unions.
"Credit union foundations in America are
fortunate to be able to touch the lives of credit
union employees and members thousands of miles
away," observed WCUF Executive Director RoxAnne
Kruger-Monahan, who is working to coordinate these
efforts as chair of the State Credit Union
Foundation Network and a member on the NCUF Board.
"It's a tribute to our credit union system that
in just a few days after the appeal for the
Philippines, our national foundation and two state
foundations responded with critical donations."
This first wave of donations will be directed
toward two disaster relief priorities identified
by WOCCU in a preliminary needs analysis:
- Educational accounts for up to 25 children
who lost their parents, enabling them to continue
- 100 revolving "Livelihood" loans, enabling
credit union members to start or sustain
businesses that will help rebuild their lives and
"Together, these two projects will have a great
impact on the health of both the local credit
union and members' lives," reported WOCCU Senior
Manager Curtis Slover. WOCCU hopes to raise
$30,000 to fund both of these initiatives.
When the full extent of the damage in the
Philippines is determined, additional funds may be
needed to help some of the country's 378 credit
unions rebuild, and/or help more of their 700,000
credit union members recover.
At least one other state credit union
foundation plans to convene its board soon to
consider sending relief to the Philippines.
"U.S. dollars will go a long way toward
providing hope in the Philippines," Kruger-Monahan
For more information about the Philippines
disaster relief appeal, visit WOCCU's website at
World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 57,000 credit unions in 105 countries serve 217 million people. Learn more about World Council's impact around the world at www.woccu.org.
Organization: National Credit Union Foundation, Inc.