California Credit Union Launches $100,000 Matchmaking Campaign with Global Credit Union Foundation Supporting Ukrainian Credit Unions, Members and Communities
Credit Union will match up to $100,000 in donations to the Ukrainian Credit Union Travel Fund
LOS ANGELES, March 10, 2022 /PRNewswire/ — The California Credit Union has partnered with the Worldwide Foundation for Credit Unions (WFCU) to provide urgent relief to Ukrainians, offering a $100,000 matching donation for the organization’s Ukrainian Credit Unions Displacement Fund.
Through this partnership, California Credit Union will match every dollar donated through its Ukrainian Credit Union Displacement Fund campaign page, up to $100,000by April 30and. The Ukrainian Credit Union Displacement Fund will initially direct assistance to immediate humanitarian needs triggered by Russia the continued targeting of civilians, which has caused a crisis for those still in Ukraine and for more than two million Ukrainian refugees who have fled the country.
“We have seen this tragic and needless crisis unfold in Ukraine with the rest of the world, and our hearts are with the brave people of Ukraine and all those affected by this senseless violence,” the California Credit Union President and CEO said. Steve O’Connell. “Partnering with the WFCU is one way to support our family of Ukrainian credit unions and the affected citizens and communities, and we encourage everyone to support this very important humanitarian cause.”
WFCU’s Ukrainian Credit Union Displacement Fund will help mitigate short- and long-term impacts on Ukraine credit union system and those who look to it for support, including employees and members. WFCU, in partnership with the World Council of Credit Unions (WOCCU), is leveraging its global network to identify immediate priority areas where funding can be used to support displaced credit union members and staff.
“We recognize that money is needed to help the people of Ukraine at this time, which is why we are working to identify partner organizations that can immediately leverage generous donations from the international credit union community. But we also know that credit unions, their employees, members and communities will need long-term help to get back on their feet, which we have always strived to provide in times of crisis,” said mike ruterExecutive Director of the World Credit Union Foundation.
WFCU will donate more than half of all dollars raised in the first few weeks of the campaign to approved non-governmental organizations (NGOs) that provide emergency humanitarian assistance in Ukraine or in neighboring European countries hosting Ukrainian refugees. Remaining funds, along with ongoing fundraising, will go towards the longer-term recovery efforts of credit unions.
Keeping the international credit union movement informed of the challenges facing credit unions Ukraine are facing, WOCCU launched a Ukrainian blog on crisis response. Look for frequent updates on changing credit union terms in Ukraineand how credit unions and their industry partners around the world are taking action to support them.
About California Credit Union
California Credit Union is a federally insured, state-chartered credit union founded in 1933 that serves public and private school employees, community members and businesses across California. With over 165,000 members and assets of over $4 billionCalifornia Credit Union has 25 branches across Los Angeles, Orange and San Diego counties. The credit union operates in San Diego County as North Island Credit Union, a division of California Credit Union. California Credit Union offers a full range of consumer, business and investment products and services, including comprehensive consumer checking and loan options, personalized financial planning, business banking and banking services. cutting-edge online and mobile. Visit ccu.com for more information or follow the credit union on Instagram® or facebook® @CaliforniaCreditUnion.
About the World Foundation of Credit Unions (WFCU)
WFCU is the fundraising and engagement arm of the World Council of Credit Unions, the global trade association and credit union development platform. The World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to affordable, high-quality financial services. The Global Council represents the interests of the global credit union system with international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen the financial performance of credit unions and increase their reach. The World Council has implemented more than 300 technical assistance programs in 90 countries. Worldwide, 86,451 credit unions in 118 countries serve 375 million people. To learn more about the World Council’s impact around the world, visit www.woccu.org.
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SOURCECalifornia Credit Union