Dupaco Donates to Emergency Relief Fund to Help Members in Time of Need

DUBUQUE, Iowa—To help credit union members financially impacted by the COVID-19 pandemic, the Iowa Credit Union Foundation is providing $500 grants to eligible individuals and small business owners. The foundation’s new fund is supported by donations from Dupaco Community Credit Union and other Iowa credit unions—highlighting the cooperative difference of people helping people.

The foundation’s Emergency Relief Fund provides one-time, $500 grants to credit union members—individuals and small business owners—who are experiencing financial hardship due to the pandemic. The grants are available on a first-come, first-serve basis and are subject to availability.

“We are proud to support the new Emergency Relief Fund during this time of need,” said Dupaco president and CEO Joe Hearn. “Iowa credit unions have a long history of providing a safety net to Iowans when they need it most, and we are honored to work together to maximize our impact.”

Eligible individuals must:

  • Have experienced economic hardship as a result of the COVID-19 pandemic.
  • Be a current member of an Iowa credit union. Iowa credit union employees are also eligible.

Eligible small business members must:

  • Operate and own a small business that employs less than five people with an annual operating revenue below $250,000.
  • Have experienced economic hardship as a result of the COVID-19 pandemic.
  • Be a current member of an Iowa credit union.

The application and eligibility guidelines became available April 1 on the Iowa Credit Union Foundation’s website at www.iowacreditunionfoundation.org/emergency-relief-fund. Award recipients will receive an email from the foundation within one to two weeks of applying. Funds will be deposited into the recipient’s credit union account.

ABOUT DUPACO COMMUNITY CREDIT UNION:

Dupaco Community Credit Union is a not-for-profit, member-owned financial cooperative. It is dedicated to the financial sustainability of its members, and specializes in customized financial counseling, money advice and education. It offers savings, loans, investments, insurance and wealth management products for individuals and businesses. Dupaco serves residents in 108 counties throughout Iowa, northwest Illinois and southwest Wisconsin. Chartered in 1948, membership totals more than 126,000 with assets exceeding $1.9 billion. Visit Dupaco at www.dupaco.com.

ABOUT IOWA CREDIT UNION FOUNDATION:

Founded in 1995 as the philanthropic arm of the Iowa Credit Union League, the Iowa Credit Union Foundation’s primary focus is to eliminate poverty in the state of Iowa. The foundation seeks to carry out its mission to empower people and communities to achieve financial well-being through its various programs, grants and scholarships. For more information, visit www.IowaCreditUnionFoundation.org.

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