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Redstone and its employees donate $10,000 to help CU disaster victims

Monday, October 2, 2017  
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(Oct. 2, 2017) Redstone Federal Credit Union and its employees have donated $10,000 to assist credit union staff affected by the recent hurricanes.

Redstone matched employee donations to CUAid.coop, the only disaster relief fund dedicated to helping credit unions, their employees and volunteers recover from disasters, such as Hurricanes Irma, Maria and Tropical Storm Harvey.

In addition to donating to the American Red Cross, Redstone employees dug even deeper to help their fellow credit union staffers who suffered great losses due to the hurricanes.

“In times of crisis, it is heartwarming to watch people come together to help each other,‘’ said Joseph Newberry, president and CEO of Redstone.  “As a Credit Union family, that is exactly what we have done now to show our support for areas ravaged by the recent hurricanes.’’

CUAid is helping affected credit union people directly with critical needs, longer-term recovery needs, operational needs, and assisting credit union members. 100% of the donations through CUAid goes to credit union disaster relief.

Donations are still being accepted.

“Based on news reports and limited communication with credit union staff in Puerto Rico, the situation is truly dire,” said Foundation Communications Director Christopher Morris. “With CUAid now actively assisting credit union people affected by three large-scale disasters, we are now directing people to donate to the Foundation’s General Disaster Relief Fund, which will allow us the flexibility to direct dollars to wherever they are needed most on an ongoing basis.”

About Redstone: With more than $4.8 billion in assets, Redstone Federal Credit Union is the largest member-owned financial institution in Alabama and one of the 16 largest federal credit unions in the nation by assets. Based in Huntsville, Alabama, Redstone Federal Credit Union serves 400,000 members. Chartered on November 28, 1951, Redstone Federal Credit Union has proudly served its members in the Tennessee Valley area for 65 years and has 26 conveniently located branches across North Alabama and Tennessee. Redstone Federal Credit Union provides a level of service that is not generally available at other financial institutions through its philosophy of - People Helping People.