“Project Storm Break” Seeks $100,000 for Disaster Relief
Worldwide Foundation campaign will establish forward-prepared fund for credit unions
July 03, 2019
MADISON, Wis.—The Worldwide Foundation for Credit Unions is building upon its long tradition of providing relief to credit unions reeling from natural disasters by launching Project Storm Break—an annual campaign to establish a forward-prepared disaster fund.
The Worldwide Foundation—the international and charitable arm of World Council of Credit Unions—seeks to establish a reserve fund of $100,000 that can be tapped to help impacted credit unions in the immediate aftermath of a natural disaster.
Donations can be made on the Project Storm Break campaign page.
“This is the first time we are proactively asking for donations from individuals and institutions who see value in getting ahead of the storm, because it’s not a matter of if, but when, the next disaster will strike,” said Mike Reuter, executive director of the Worldwide Foundation. “Past relief campaigns have put out the call worldwide after a disaster, but invariably, people on the ground are suffering within minutes or hours of a storm, earthquake or fire. Having the resources on hand to send immediately, or even in advance to credit union systems so they can be more proactive, is central to Project Storm Break’s purpose.”
A formal launch of Project Storm Break will take place at the 2019 World Credit Union Conference (WCUC 2019) in The Bahamas, July 28-31, in partnership with the Caribbean Confederation of Credit Unions. Generous contributors will be recognized on stage with their global peers at WCUC 2019.
An initial, special group of institutions and individuals have stepped up ahead of Project Storm Break’s launch. These donors are recognized for their pledges and support:
- Indiana Credit Union League
- Carolinas Credit Union Foundation
- Unitus Community Credit Union
- Steve & Michelle Stapp
- Jamaica Teachers Association Co-operative CU Limited
- Richard Miller
Credit union disaster relief response has always been a core pillar of purpose for the Worldwide Foundation. Since 2015, relief efforts have raised more than $350,000 to assist credit unions responding to disasters in Nepal, Ecuador, Dominica and Puerto Rico.
The Worldwide Foundation for Credit Unions is a registered 501c3 nonprofit organization and the official fundraising and gift-receiving organization for the World Council of Credit Unions. The Foundation offers global engagement opportunities to credit unions and professionals that foster educational and impact on themselves and their global peers to expand cooperatives worldwide.
World Council of Credit Unions is the global trade association and development platform 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 300+ technical assistance programs in 89 countries. Worldwide, 85,400 credit unions in 118 countries serve 274 million people. Learn more about World Council's impact around the world at www.woccu.org.