Cornerstone foundation on standby to assist Okla. tornado victims
FARMERS BRANCH, Texas (3/27/15)--Wednesday night's tornadoes and severe storms in Arkansas and Oklahoma were the first recorded in this year's tornado season.
Oklahoma Gov. Mary Fallin declared a state of emergency for 25 counties after Wednesday's severe weather that resulted in at least one death, school closures and power outages for thousands in Oklahoma.
Northwest Arkansas was the location of the first touchdown by a tornado for 2015, the National Weather Service reported (Associated Press March 26.)
The Cornerstone Credit Union Foundation said it is prepared to assist credit unions and their employees affected by the storms. "In times of crisis, the foundation is here to help our credit unions and their staff get back on their feet so that they in turn can be there for their members," said Courtney Moran, foundation executive director (Leaguer March 26).
The disaster relief program has three phases:
- Emergency grants are provided to credit union employees to assist with immediate disaster relief needs, such as out-of-pocket costs that may result from being evacuated.
- Disaster relief grants are intended to assist credit union employees with significant needs. Phase two grants are intended for credit union employees with significant needs and will follow the distribution of phase one grants; and
- Phase three grants are set up for credit union employees who suffered catastrophic loss and are still needing assistance after phase two grants have been distributed.
One of the areas affected by Wednesday's storm was Moore, Okla. In May 2013, a Tinker FCU branch was destroyed in the Oklahoma City suburb when a half-mile wide tornado ripped through the area (News Now May 22, 2013).