#2113: ICUF COVID-19 Relief Funding Data Shows 58% of Iowa Applicants Lost Their Jobs...

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Iowa Credit Union Foundation Executive Director Jaimie Miller joined us on the show to share new data -- based on 11,000 applications received statewide for the Emergency Relief Fund -- of the incredible financial need during COVID-19 that also provides a revealing glimpse into the challenges facing Iowans and small businesses. These discoveries could also be indicative of what's occurring nationwide, as well -- providing credit unions with an inside look at how to help their members' struggles during this time.

Here's some of the data's findings from the grant applications shows (due to COVID-19):

• 58% of applicants have lost employment
• 51% of applicants are unable to afford their rent or mortgage
• 46% of applicants are unable to afford their utility bill
• 41% of applicants are facing food insecurity
• 28% of individual applicants do not qualify for any other assistance programs
• 42% of business applicants have currently closed their business
• 24% of business applicants are not eligible for other government assistance programs  

Jaimie explains what this data could mean for credit unions and their members, as we all start thinking of how to climb out of this situation and onto a healthy recovery.

In addition, Jaimie discusses how the Foundation has also been partnering with United Ways of Iowa, working together to support to the organization's 211 initiative.

Check it out when you get a chance and let us know your thoughts.