Worldwide Foundation for Credit Unions Salutes Major Donors to the Ukrainian Credit Union Displacement Fund
Worldwide Foundation for Credit Unions announced March 23 that nearly 20 organizations in the credit union sector had donated or pledged sums of at least $10,000 to its Ukrainian Credit Union Displacement Fund. Those include:
California and Nevada Credit Union Leagues
California Credit Union*
Corporate America Credit Union
Oregon State FCU
Peach State FCU
WE Florida Financial
Alaska USA Federal Credit Union
CUNA Mutual Group Foundation
Illinois Credit Union Foundation
Georgia United Credit Union Foundation
Greater Nevada Credit Union
Mountain West Credit Union Foundation
Northwest Credit Union Foundation
Patelco Credit Union
Salal Credit Union
Sound Credit Union
UW Credit Union
The total of all donations made to the Displacement Fund to date stands at just over $480,000.
"The generosity of our U.S. and international credit union communities has been overwhelming. Individuals and institutions are stepping forward to assist in the relief of displaced Ukrainian credit union members and citizens in conjunction with supporting our plans to aid in the recovery of Ukraine's credit union system. Our task force, comprised of internal and external stakeholders will strategically deploy this critical resource in helping address the short and long term needs of our Ukrainian credit union colleagues," said Mike Reuter, Worldwide Foundation for Credit Unions Executive Director.
WFCU disbursed the first $50,000 from its Ukrainian Credit Union Displacement Fund to the Podolsk Regional Development Agency (PARD), a Ukrainian non-governmental organization that is providing humanitarian assistance to hundreds of refugees from Kyiv, Kharkiv, Mariupol, Kherson, Melitopol and other cities who are seeking refuge in the Vinnytsia region of western Ukraine.
In the long term, World Council of Credit Unions (WOCCU) stands ready to fulfill its core mission of improving lives through credit unions. Using donations to the Displacement Fund, WOCCU will work closely with Ukrainian and other regional credit union partners to identify the biggest needs for recovery and rebuilding.
WOCCU anticipates there will be a demand for re-establishing a prudent regulatory and operating environment that will allow credit unions to focus on individual needs, support of small and medium enterprises (SMEs) and agricultural lending designed to help in the economic recovery of the Ukrainian people. WOCCU can provide this assistance in Ukraine and in any other countries where credit unions are well positioned to continue to serve Ukrainian refugees.
*California Credit Union pledged to match all donations made by its employees and members through April 30, up to a total of $100,000.