Project Storm Break Surpasses $200,000
Disaster relief fund for credit unions adds $100,000 since Hurricane Dorian
September 27, 2019
MADISON, Wis.—In the weeks since Hurricane Dorian devastated several credit unions in The Bahamas, an additional $100,000 has poured into Worldwide Foundation for Credit Unions’ Project Storm Break fund—bringing the total amount donated to more than $200,000.
That is twice the amount of money Worldwide Foundation set as its original goal for the fund, which was designed to allow credit unions to access immediate assistance in aftermath of a natural disaster.
“It is remarkable how credit unions across the globe have responded in the wake of Hurricane Dorian to help our colleagues in The Bahamas recover and rebuild. This is what the credit union movement is all about—people helping people,” said Mike Reuter, Executive Director of the Worldwide Foundation, the charitable fundraising arm of World Council of Credit Unions.
The Worldwide Foundation and the Caribbean Confederation of Credit Unions sent an initial disbursement of funds to The Bahamas Cooperative League Ltd. in early September. The Bahamas Cooperative League used that money to provide supplies and cash to impacted credit unions on the islands of Grand Bahama and Abaco.
As World Council has previously documented, several credit union branches on those islands suffered significant damage from Dorian.
World Council is now compiling a list of infrastructure needs the impacted credit unions must address in order to rebuild.
“We have been able to help a number of these credit unions provide immediate assistance to their members and have identified what the affected credit unions need to get on the road to a full recovery. World Council continues to work with our partners at The Bahamas Cooperative League and the Caribbean Confederation to address those needs and assist in the rebuilding effort,” said Brian Branch, President and CEO of World Council.
Project Storm Break continues to be open and active to receive financial donations to support both the immediate needs of credit union members and staff, as well as to address long-term rebuilding needs in The Bahamas.
Donations can be made directly on our Project Storm Break page.
World Council will continue to provide updates on rebuilding efforts in The Bahamas as new information becomes available.
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.