The Iroquois Federal Foundation announced that they recently made a $20,000 contribution to the Iroquois County Long Term Recovery Committee to assist with their efforts in helping Iroquois County residents affected by the current flooding disaster. As the damage assessment continues, initial estimates indicate that over 225 homes throughout Iroquois County have been impacted by this disaster.
“Iroquois Federal, established in 1883, has always been an active participant in our communities,” stated Walter “Chip” Hasselbring, President and CEO of Iroquois Federal. “In addition to the direct financial support provided to the community, we will again establish a special flood deposit account for flood damage insurance checks. Flood victims will earn a higher rate of interest for a period of time while waiting for the repairs or raising of their homes. Our loan officers continue to work with our borrowers and other residents to discuss options to mediate other issues associated with the flooding. And our team at Iroquois Insurance is well versed on benefits, costs and availability of flood insurance for individuals both in and out of the designated flood hazard area.
In fact, our staff at all locations continue to be active volunteers, donating hours of personal service along with financial expertise; assisting neighbors, families, friends, schools, churches and many other local community organizations in both good times and not-so-good times. This kind of effort and commitment truly makes a difference.”
The Iroquois County Long Term Recovery Committee, a 501(c)3 designated organization was formed in 2008 when Watseka and Iroquois County experienced two 100-year floods within 45 days. The committee consists of many individuals representing various relief organizations throughout Iroquois County.
The Iroquois Federal Foundation was established in July, 2011 and since that time has awarded over $1,370,000 to 501(c)3 organizations in the Illinois counties of Champaign, Iroquois, Kankakee, and Vermilion and the Osage Beach, Missouri area.
The Foundation has identified five areas that it emphasizes in support: affordable housing, education, health and human services, youth programs and general community improvement. Grant applicants must demonstrate Section 501(c)3 or other non-profit status and relevance to the Foundation’s areas of giving.