Hurricane Relief Fund Tops $700K; Navy Gives $250K

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The Florida Credit Union League's Hurricane Relief Fund has swelled to more than $733,000 following an influx of donations, including a $250,000 contribution from Navy FCU, Vienna, Va., and $10,000 from Altura CU, Riverside, Calif.

Although Navy Fed is headquartered in Virginia, it has nine branch offices and a remote call center located in Florida, and a number of its employees suffered damage from the hurricanes. The Florida league said this is Navy's second donation to the fund, following an initial $10,000 contribution last month.

"This donation is made on behalf of the more than 450 Navy Federal employees living in Florida, many of whom personally experienced losses during this hurricane season. We are grateful for all the support the Florida Credit Union League and the Foundation provided to our staff," said Brian McDonnell, Navy CEO.

"Florida has had more than its share of misfortune this hurricane season," said Mark Hawkins, Altura CEO. "People are still struggling to get back to normal after the pounding they received from Hurricanes Charley, Frances, Ivan and Jeanne. We hope that our donation can help people get back on their feet and return to a sense of normalcy."

Just as donations are still coming in, so are applications for the grants, according to FCUL's Mark Ivester, who noted the rate of applications has slowed significantly. "It's going to be close, but I think we'll be able to take care of everyone who applied," he said.

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