Emergency Relief Fund Established by CU Foundation of MD/DC

DC - April 3, 2020 - In partnership with, and in support of the local credit union community, The Credit Union Foundation of Maryland and the District of Columbia has established a new fund to provide support to local credit union members impacted by the COVID-19 pandemic.

�“The Foundation is committed to supporting local credit unions and their members in need during this challenging time,” said Foundation Chair Ron Shockley. “The COVID-19 pandemic has not only impacted daily lives, but it has also caused a disruption to the economy and the income of many local residents. We believe this fund will allow support for credit union members affected by the current crisis and provide donors a means to support their fellow credit union members in a safe and responsible way.”

The Emergency Response Fund will provide one-time, $500 grants to eligible credit union members experiencing financial hardship due to COVID-19. “Eligible credit unions will be provided online tools to nominate members in need and apply for the emergency grants. If approved, those grants will be directed to the members’ credit unions for deposit into their accounts,” reported Foundation Executive Director Kyle Swisher. 

“Credit unions now have another tool available to help relieve the financial stress many members are experiencing during the COVID-19 crisis,” said MD|DC Credit Union Association president/CEO John Bratsakis. “In the spirit of the 'people helping people' philosophy, the Foundation's Emergency Response Fund provides an opportunity for donors to directly support their community and offer relief to those struggling financially."

All Maryland and District of Columbia-based credit unions as well as other credit unions affiliated with the MD|DC Credit Union Association will be eligible to participate in the grant program.

Currently, the Foundation is seeking support for the COVID-19 Emergency Response Fund. To contribute to the effort, please visit CUFound.Org/Emergency

The Emergency Relief Fund would not be possible without donations received from the local credit union community. Special thanks to generous credit unions, organizations and individuals for their gifts.

The Credit Union Foundation MD|DC is a 501(c)3 public charity and all donations are tax-deductible as allowed by law.