Credit Union Emergency Relief Fund Introduction

CUFA now has the authority to fundraise in each state and territory in Australia, for the purpose of emergency relief funding to assist communities recover from natural disasters.

In the past when a natural disaster in Australia occurs, such as bush fires, floods and cyclones, credit unions have to collect on behalf of other charities as they do not have the ability to collect funds under the credit union banner.

CUFA has set up a trust for a disaster relief fund that can be activated when the need arises. Credit unions can now collect under the “Credit Union Relief Fund”. Over the coming months a criteria for enacting the fund will be drafted for comment and an automated web based process is currently being developed to make collecting funds as simple as possible.

The Emergency Fund concept is designed to be an disaster fund-raising channel - for credit unions to deploy at short notice once a significant destructive event has occurred in Australia.

This will be an efficient way for the Australian Credit Union Movement to leverage it's market reach as an industry during crisis times for the aid benefit of others, while retaining brand identity of a campaign in co-operation with CUFA.

The Emergency Fund platform would serve notice, communication and donation payment facilities - giving credit unions the ability to quickly mobilise and distribute resources.

The program is currently at concept stage - once the product is developed and tested - trial clients will be sought in the near future to identify real-world effectiveness and further development needs - leading to general release to credit unions.

For further inquiry contact:

Philip Lambert
Email: plambert@cuscal.com.au
Phone: 02 8299 9031