Pennsylvania Credit Union Association

$195,000 Provided in Disaster Relief Grants

12/22/2011

HARRISBURG – Nearly $195,000 in flood disaster aid was distributed by the Pennsylvania Credit Union Association (PCUA), the Pennsylvania Credit Union Foundation (PCUF), and the National Credit Union Foundation (NCUF) to 239 credit union members and employees from 35 Pennsylvania credit unions.  In support of the relief effort, the PCUA contributed $50,000; the PCUF, $100,000; and the NCUF’s CUAid Disaster Relief Fund, $45,000.

PCUA President/CEO Jim McCormack praised the Association and Foundation Boards for their “generous support to alleviate the suffering of our credit union employees and members.”

McCormack also spoke about “the terrible destruction of homes along a 250 mile path of the Susquehanna River where credit unions are located from small towns like Troy, Athens, and Towanda in the North, through metropolitan areas — Scranton, Pittston, Wilkes-Barre, Williamsport, and Harrisburg — and areas as far South as Lebanon, Lancaster, York, and Marietta.”

PCUF Executive Director Joe Wambach praised both the efforts of the credit unions that acted on behalf of employees and their members, as well as the strong partnership among the Association, the NCUF, and the PCUF.

“That all of us were able to process so many grants in such a short period of time and to get funds to the victims of the disaster was remarkable,” Wambach said. He also noted that “while the amount distributed cannot completely fill the needs of credit union members and employees, it does represent the PCUF’s profound concern for them, as well as our hope that the funds are a first step in their recovery.”

Note: All of the funds have been depleted; therefore, no additional grant applications are being accepted.


The Harrisburg-based Pennsylvania Credit Union Association is a trade association that provides legislative, promotional, educational and operational support for credit unions in Pennsylvania. Credit unions headquartered in Pennsylvania have assets in excess of $35 billion and serve more than 3.6 million members. For additional information about credit unions or to find a credit union near you, visit www.iBelong.org.

The Pennsylvania Credit Union Foundation, a subsidiary of the Pennsylvania Credit Union Association, was formed in 1996 to benefit consumers and credit unions alike. The Foundation is a non-profit, tax-exempt organization with a main purpose of providing individuals, credit unions and their communities with the human and financial resources to stimulate socio-economic growth.

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