Skip to main content

Credit Unions Donate to Aid Lake County Fire Survivors

Generous Donation to Aid Rebuilding of Homes and Provide Local Childcare Services

From left:  Diana Dykstra (California Credit Union League), Brett Martinez (Redwood Credit Union), Richard Cooper (Mendo Lakes Credit Union) and Robin McCarthy (Fire Family Foundation). 
MIDDLETOWN, CA — Fire survivors who lost homes in the devastating Lake County fires and residents struggling with local childcare will benefit from a generous donation of $80,000 from Fire Family Foundation. A contribution of $60,000 was made in mid-February at the Middletown Fire Station to Hope City/Hope Crisis Response Network (HCRN), a disaster relief agency rebuilding several homes destroyed by the fires, and a donation of over $20,000 went to the Lake Family Resource Center (LFRC) for much-needed childcare in the community.

Fire Family Foundation (FFF) provides assistance to individuals and families affected by fire-related disasters throughout California and is the charitable hand of Firefighters First Credit Union. FFF worked with both Redwood Credit Union (RCU) and Mendo Lake Credit Union (MLCU) along with the California Credit Union League (CCUL) to identify the greatest needs of the fire survivors and provide the funding. Foundation Executive Director Robin McCarthy along with credit union and league representatives presented the check to Hope City Chief Executive Officer Kevin Cox and Team Lake County Chair Shelly Mascari in mid February.

Hope City has identified several homeowners who lost their residences in the Valley Fire to be beneficiaries of the $60,000 gift, according to Cox. He noted Hope City matches the gift with volunteer labor, so the initial amount becomes a $120,000 donation. The selection of families for receipt of HCRN’s assistance is needs-based, with aid going to individuals who had little or no insurance and may have other extenuating circumstances.

“Our organization thanks Fire Family Foundation and the credit unions who have been so amazing in helping Lake County, and we thank the community for rallying to get families back into homes,” said Cox.

Another key service needing support is the Lake Family Resource Center (LFRC), which provides before and after school childcare in Lake County. “We are grateful for the focus on childcare needs for those impacted by the fire,” said Jennifer Dodd, LFRC’s Executive Director. “The grant will be used to help families with childcare services so residents can get back to work knowing their children are cared for,” Dodd added. She shared many fire survivors have had challenges with transportation, changed school schedules, and the disappearance of off-site daycares in the area. “It is wonderful the grant was provided to Lake Family Resource Center because it will help reduce the stress impacting the families with childcare needs,” Dodd shared.
Noting the “heartwarming” actions coming from outside Lake County to assist with recovery efforts, MLCU Chief Executive Officer Richard Cooper said, “MLCU is thankful for the donations from credit unions across the state and beyond. We appreciate the assistance of RCU and the California Credit Union League for their efforts in getting the word out about the tremendous need.”

RCU’s President & CEO Brett Martinez, who also participated in the Friday evening check presentation, shared, “It’s exciting to see how so many organizations and people coming together to support Lake County is helping the community move forward.”

Team Lake County Chair Shelly Mascari expressed her appreciation for the combined efforts of credit unions. “Team Lake County is so grateful for this contribution to the infrastructure of our community. With this support, Lake County will have the opportunity to recover and thrive in the future.”

Fire Family Foundation Executive Director Robin McCarthy explained, “These fires shattered communities and families. Our foundation answers the need when tragedy strikes. Our commitment to firefighters and fire survivors like this, enables us to offer a helping hand in times of grief. We hope our $80,000 donation will provide a better future for this community.”

Diana Dykstra, President/CEO of the California Credit Union League, said. “I’m so proud of the credit union community for coming together to raise these funds to support families and individuals who endured losses in these devastating fires. Our partnership with Fire Family Foundation amplified the call to action nationally.”

Donations are still being accepted via the Lake County Wildfire Relief Fund through Mendo Lake Credit Union or North Coast Opportunities (NCO), a local nonprofit. For more information, visit mlcu.org or ncoinc.org.


ABOUT FIRE FAMILY FOUNDATION As the charitable hand of Firefighters First Credit Union, Fire Family Foundation responds when tragedy strikes, offering compassion and financial assistance to firefighters and fire survivors in need. In 2015, the Foundation provided more than $175,000 in immediate assistance to firefighters and their families, fire survivors, fire departments and charities. Support is widespread throughout the State of California; this year attention is given to Northern Californian communities and fire personnel who experienced a devastating fire season. The Foundation believes that those in need can experience comfort, healing, and support from their “Fire Family.” www.FireFamilyFoundation.org

Comments

Popular posts from this blog

Bipartisan Bill Would Expand Federal Credit Union Investment Authority

WASHINGTON—Reps. Janelle Bynum (D-OR) and Young Kim (R-CA) introduced bipartisan legislation Thursday that would significantly broaden the investments available to federal credit unions, including giving them new authority to invest in corporate debt and asset-backed securities. Young Kim The Credit Union Investment Authority Act would amend the Federal Credit Union Act to expand federal credit unions’ investment authority. Under the bill, federal credit unions could invest in marketable debt obligations issued by companies and other organizations that are not limited to serving credit unions. The legislation would cap a credit union’s investment in the obligations of any single issuer at 10% of its paid-in unimpaired capital and surplus. The measure would also expressly authorize investments in asset-backed securities as defined under the Securities Exchange Act of 1934. Kathleen Coulombe The bill would require the NCUA board to issue implementing regulations within one year of enactm...

Liquidity Resources

Liquidity Resources Liquidity is a credit union’s capacity to meet its cash and collateral obligations at a reasonable cost. Adequate liquidity is necessary to efficiently meet both expected and unexpected cash flows and collateral needs without compromising the credit union’s daily operations or financial condition. Effective credit union management identifies, measures, monitors, and controls exposure to liquidity risk. Primary Risks In managing expected cash flows, a credit union may experience situations that increase its liquidity risk. These situations include mismatches between sources and uses of funds, market constraints on the ability to convert assets into cash or to access sources of funds (market liquidity), and contingent liquidity events. Changes in economic conditions or exposure to credit, market, operational, legal, and also can affect an institution’s liquidity risk profile. None of these risks are mutually exclusive, and interrelated risks may contribute to increase...

Senate, 51-47, has confirmed John Crews to the NCUA board

WASHINGTON—The U.S. Senate, 51-47, has confirmed John Crews to the NCUA board, clearing the way for him to succeed Kyle Hauptman and return the agency to a single-member board following the Trump Administration's removal of Democratic board members Todd Harper and Tanya Otsuka earlier this year. Maintaining the foundational stability of the credit union system Supporting efficient, risk-based regulation that accounts for institutional size and operational differences Preparing for technological advancement while safeguarding member assets Encouraging the growth of new credit unions to serve underbanked and military communities Preserving an open, accessible, and collaborative dialogue between the NCUA and the credit union movement Crews, who most recently served in the Treasury Department, has said his priorities include reducing regulatory burden for smaller credit unions, encouraging innovation and supporting the chartering of new credit unions, while maintaining the safety and s...

Just What Is Our Gross Domestic Product

    A core measure of a nation's total economic activity, gross domestic product represents the value of all final goods and services produced within a country's borders in a given year. Economists can calculate a country's aggregate economic activity by adding together its total consumer spending, business investment, government spending, and net exports. As of June 2026, the US' inflation-adjusted GDP was about $24.2T. > The three different ways to calculate GDP. ( More ) > How "nominal" GDP differs from "real" GDP. ( More ) Since the concept was popularized by Nobel laureate Simon Kuznets in the 1930s, GDP has become one of the most important economic indicators in both domest...

Dolphin Debit, Enters into Partnership With CUSI

 HOUSTON–  Dolphin Debit , a full-service ATM management company, said it has entered into a strategic partnership with Credit Union Services, Inc. (CUSI), the Service Corporation of the MD|DC Credit Union Association. “Through the strategic partnership, CUSI adds a budget-ready, industry-leading ATM management program to its portfolio of solutions for credit unions in the Maryland and D.C. region,” Dolphin Debit said. According to Dolphin Debit, its ATM outsourcing service includes purchase and deployment of new ATMs, purchase of the financial institution’s existing ATMs, terminal driving, transaction processing, ATM maintenance, armored car service, communications, monitoring and dispatch, and cash management. “We welcome this oppor...

Not Your Mother’s Credit Union

“Stablecoins aren’t a speculative play. They’re the next evolution of payments — and a chance for credit unions to lead, not lag. It starts with connecting members to DLT rails - the digital wallet. Without that, nothing else can happen. It’s just a new payment rail - embrace it or lose the relationship. It’s that simple.” While ‘ stablecoins ’ were the prevailing buzzword across Money20/20 this year, the credit union industry had a significant presence. Small financial institutions have staked a place in the future of payments. Credit unions  received a significant boost this summer with the enactment of the stablecoin bill into law. The Guiding and Establishing National Innovation for U.S. Stablecoins Act authorizes subsidiaries of federally insured credit unions, such as credit union service organizations, to become issuers. Not Your Mother’s Credit Union A Money20/20  fireside chat  with the regulator for credit unions that I moderated focused on the rulemaking task a...

CFPB Issues Final Rule on Remittance Transfers; Proposes Changes As Well

On January 20, 2012, the CFPB adopted a final rule amending Regulation E (Electronic Fund Transfers) to include consumer protections for various types of remittance transfers. The rule was originally proposed by the Federal Reserve Board last May; however, authority to finalize the rule-making transferred to the CFPB on July 21, 2011  ****More At;  CFPB Issues Final Rule on Remittance Transfers; Proposes Changes As Well : Written by Bernadette Clair, Regulatory Compliance Counsel   

Interest-bearing stablecoins could siphon deposits from community banks and credit unions

  WASHINGTON — Warning that interest-bearing stablecoins could siphon deposits from community banks and other traditional financial institutions, the American Bankers Association joined 52 state bankers associations from across the country in submitting a   letter   to the U.S. Department of the Treasury urging strong implementation of the GENIUS Act’s prohibition on interest for payment stablecoins. The letter, which responds to Treasury’s advance notice of proposed rulemaking regarding implementation of the GENIUS Act, emphasizes the need to preserve the law’s core intent: ensuring stablecoins serve as payment tools, not investment vehicles. iStock-Gri-spb “The GENIUS Act’s prohibition on a payment stablecoin issuer paying interest or yield on payment stablecoins reflects Congress’s intent for payment stablecoins to be used for transactions and not as investment vehicles,” the associations wrote. “Treasury must reinforce this intent.” The associations warn that wit...

How to Prepare for a Recession

  By Ray Birch IRVINE, Calif.—There’s little chance the Federal Reserve will steer the U.S. away from a recession in the next 12-18 months, says one economist, who adds delinquencies among the nation’s lenders could become an issue in the near future. Elliot Eisenberg, chief economist for economic consultancy GraphsandLaughs, said during a recent Origence webcast he does not think the recession will be deep. But he also urged credit unions to revisit loan loss reserves built during the pandemic and to shore those up again. What the growth of inflation will come down to, explained Eisenberg, is whether the Federal Reserve, as it adjusts rates upward to curb inflation, will be able to engineer a “soft landing” for the econo...

Become your kid's mortgage lender

Between slumping prices and low mortgage rates, it's a good time to look for real estate bargains. But thanks to tightened lending standards, legions of young would-be homebuyers aren't exactly in a position to take advantage of the opportunity. That's where their parents come in: One in three first-time buyers received either a gift or a loan from their families to help buy a home in 2011, according to the National Association of Realtors. **** More At; Become your kid's mortgage lender :