cuaid.coop is the first national online giving center for credit unions. All cuaid.coop contributions are directed to the National Credit Union Foundation Disaster Relief Fund. Credit union organizations are encouraged to link to cuaid.coop to offer employees and members a donation option to help fellow credit union employees and members in the disaster area. Once credit unions publicize this to their employees and members, when the next disaster strikes:
Click here to see a pdf visual outline of how cuaid.coop works when a disaster occurs:
For a comprehensive CU Aid overview, view the Introductory CU Aid PowerPoint Presentation from when the site launched.
Q: What is the National Credit Union Foundation Disaster Relief Fund?
In times of disaster, the National Credit Union Foundation (NCUF) raises and distributes funds to aid the affected region of the credit union movement including credit unions, leagues and other credit union organizations.
Q: How will my contribution to the NCUF Disaster Relief Fund be used?
The devastation caused by natural and man-made disasters often creates immediate, emergency needs as well as long-term, ongoing needs. In response, NCUF’s disaster relief funds can be used for a broad range of disaster-related needs as identified by the league officials and credit union organizations or associations in the affected areas and approved by NCUF. These needs include, but are not limited to the following items:
Subject to the criteria listed above, funds pledged to and received by the National Credit Union Foundation (NCUF) will be allocated in one of the following manners depending upon the location, size and complexity of the disaster:
Q: How does NCUF keep track of funds that are spent?
Individual grantees (credit union employees and members), while submitting their applications, must sign a statement to certify the dollar value of un-recovered losses to their homes, structures, and personal belongings, and any other hardships to themselves and/or their families as a result of the disaster. Applications will be reviewed by an official of the credit union and/or league before being forwarded to NCUF.
Institutional grantees (credit unions, state foundations, leagues, and other trade associations) are required to report to NCUF to detail how their grant funds were spent. Where funds are re-granted to individuals, the report must list those individuals’ names and credit union affiliations. Where funds are used for institutional relief, the report must document that the uses are consistent with charitable purposes and the donors’ intent as stated by NCUF in the disaster fundraising effort.
NCUF reserves the right, at its option, to audit the books and records of institutional grantees relating to disaster relief grants and use of the funds described in their grant agreements.
Q: Is my contribution to the NCUF Disaster Relief Fund tax deductible?
Yes. Contributions to NCUF, a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, are deductible as charitable contributions for computing income and estate taxes. NCUF encourages all donors to check with a tax professional.
Q: How do I make a contribution to the NCUF Disaster Relief Fund?
If you wish to make a donation using a credit card, please click here or the donate now link at the top.
To make a donation by mail or wire transfer, please follow the instructions on the National Disaster Relief Form.
If you have any further questions, please contact Christopher Morris at firstname.lastname@example.org or by calling 800.356.9655 x 4374.