Credit Union Community Delivers $358K in Relief to Northern Michigan Ice Storm Victims
In the wake of the devastating late March ice storm that impacted more than 100,000 residents across Northern Michigan, Michigan’s credit union community, together with national partners, has come together to deliver approximately $358,000 in relief grants to those affected.
Two separate relief efforts — one led by the Michigan Credit Union Foundation (MCUF) and the other by CUAid, the National Credit Union Foundation (NCUF)’s disaster relief program — have resulted in meaningful, direct assistance for both credit union members and employees navigating the aftermath of the storm.
The MCUF Ice Storm Relief Fund provided $500 emergency grants to credit union members who experienced financial hardship due to storm-related damage. A total of $87,000 was raised from 27 credit unions, three chapters, two partner organizations and individual donors across Michigan. These contributions funded 174 grants for members served by eight credit unions across 12 disaster-declared counties.
In total, MCUF received 836 applications, with funding distributed on a first-come, first-served basis to members who demonstrated storm-related hardship affecting their primary residence.
“We were overwhelmed by the number of applications, and even more so by the stories behind them,” said MCUF Executive Director Andrea Tucker. “This storm created a real and lasting impact for so many Michigan families and credit union professionals, and the funds we raised provided more than just financial relief; they reminded people that they’re not alone in times of crisis.”
CUAid provided support grants for the credit union professionals and volunteers who were personally impacted. CUAid distributed $270,789 in grant funding to help offset storm-related expenses such as cleanup, repairs and displacement.
A total of 227 employees and volunteers from nine credit unions applied for assistance, collectively reporting more than $542,000 in out-of-pocket costs.
“I’m incredibly proud of how Michigan’s credit unions stepped up in this moment,” said MCUL President/CEO Patty Corkery. “The generosity, responsiveness and compassion we saw are a powerful reflection of what sets the credit union movement apart. Thank you to everyone who made this support possible for members, employees and volunteers affected by the storm.”
For more information on MCUF and ongoing community impact initiatives, visit mcuf.mcul.org.
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