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February 24, 2005


NY's Credit Union Community Responds To Tsunami Relief Fund

NYCUF

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Albany, NY – The New York Credit Union Foundation (NYCUF) has collected a total of $63,906 in Tsunami Disaster Relief Fund donations.

NYCUF has transferred the funds, donated by 53 New York credit unions, 58 individuals, and the Metropolitan District of the NYSCUL, to the World Council of Credit Union's (WOCCU) Worldwide Foundation. WOCCU will distribute 100% of the funds to help rebuild credit unions demolished by the recent Asian tsunami.

"On behalf of the NYCUF, I would like to thank all those who donated to our Tsunami Disaster Relief Fund," said James Mack, chairman, NYCUF Board of Trustees. "I would also like to extend a special thank you to the following credit unions for their leadership donations: Municipal CU, $10,000; Capital Communications FCU, $5,000 and Suffolk FCU, $5,000.

Mid-Hudson Valley FCU (MHVFCU) is one example of the many credit unions that stepped up to support the relief effort. Collection boxes were placed in each of their five offices while the credit union's community relations committee announced they would match donations up to $2,500. With contributions from employees, members, two community organizations and the matching funds, MHVFCU donated an impressive $7,215.61.

"NYCUF established the Tsunami Disaster Relief Fund right after the New Year," said Diane LaVigna Wixted, NYCUF's executive director, "to facilitate donations from New York credit unions wanting to assist the credit unions, staff, volunteers and members impacted by the massive tsunami that devastated 11 nations."

The New York Credit Union Foundation works to help improve the financial well-being of people everywhere by supporting initiatives that express the credit union difference and the movement's "people helping people" philosophy. The Foundation has also served as a conduit of financial aid to victims of natural disasters, including victims of the bombing of the Alfred P. Murrah Building in Oklahoma City, the California wildfires, Florida hurricanes, and Washington Postal Employees in the wake of anthrax attacks. After the Sept. 11, 2001 terrorist attacks, the Foundation raised more than $1.4 million for credit union victims of the catastrophe. For more information about the Foundation, visit www.nycuf.org.



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 103 countries serve 208 million people. Learn more about World Council's impact around the world at www.woccu.org.

 



Contact: Bonnie Sklar
Organization: Credit Union Association of New York
E-mail: Bonnie.Sklar@cuany.org
Phone: (800) 342-9835 ext. 8130
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