TEXARKANA, Texas (7/13/15)--The Cornerstone Credit Union Foundation has stepped up to help a credit union employee in a time of need.
Melanie Loftin, who works for Red River Employees FCU, Texarkana, Texas, was displaced from her home when flooding from the nearby Red River damaged her house (Leaguer July 9).
The flooding was so destructive that it has kept Loftin and her husband from returning home since May.
In case her homeowner’s insurance doesn’t cover the cost of out-of-pocket expenses that continue to pile up as the Loftins wait to return home, the foundation will provide them with its Phase 1 emergency disaster relief grant funding to help them through this difficult time.
“The Loftins have been through a devastating event, and it’s hard to encapsulate the loss they must feel, which is far more than monetary,” said Courtney Moran, foundation executive director (Leaguer). “But we do understand the toll a tragedy of this magnitude can have on families, so we are gratified to help in a way that is meaningful and relieves some of the stress from their shoulders.”
While the Federal Emergency Management Agency declared the area a disaster, it has yet to provide assistance to residents, as private--or residential--assistance has not been declared.
The Loftins had flood insurance, but the replacements also will include outside brick, inside flooring, wood, wiring insulation and more, and repairs aren’t expected to finish for three months.
“Your foundation and our insurance claim have been our only financial support,” Loftin told Leaguer. “It may be another month or two before we can move back home again ... It has been a blessing in our time of need.”