Victims of the earthquakes that have devastated Nepal in recent weeks are receiving help from the global credit union movement thanks to efforts by the World Council of Credit Unions and one of its member organizations, according to a recent article in Credit Union Times by Michael Muckian.
“World Council is working with the Nepal Federation of Savings & Cooperative Credit Unions (NEFSCUN), a member organization of the Association of Asian Confederation of Credit Unions (ACCU), to provide relief to staff and members of Nepalese credit unions, known as savings and credit cooperative societies or SACCOs,” the article reads. “The Madison, Wis.-based international trade association will be joined by the Irish League of Credit Unions Foundation (ILCUF) in its relief efforts, according to Calyn Ostrowski, executive director of the Worldwide Foundation for Credit Unions, World Council’s fundraising arm.”
“The current death toll from the April 25 7.8-magnitude earthquake and the May 12 7.3-magnitude quake are estimated to have claimed 8,583 lives, making it the deadliest quake in Nepal history. The previous deadliest earthquake in 1934 killed 8,519 Nepalese and took thousands more lives in neighboring India.”
As of Monday, May 18, the Worldwide Foundation for Credit Unions has raised $40,000 toward the effort in addition to World Council’s $15,000.
Read the full article about how credit unions are stepping up to aid Nepal HERE.