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CU System
CUNA Mutual other states report on damages to CUs
MADISON, Wis. (4/19/11)--Cutting a swath of devastation last weekend, the storm front that spawned tornadoes in 15 states--92 of them in North Carolina--left people stunned at the devastation and the number of deaths and injuries. But credit unions were luckier than most. As states began their cleanup and took steps toward recovery Monday, credit unions remained largely unscathed. CUNA Mutual Group by early Monday afternoon had "not received any reports from credit unions that suffered damage from this past weekend's tornadoes," said Phil Tschudy, media relations manager. However, he cautioned that the insurer was "contacting leagues and its field staff in the impacted areas to make sure that is the case." North Carolina and Virginia credit union damages are reported in a related story (See News Now's "CUs in North Carolina, Virginia assess tornado damages"). News Now also canvassed other state associations to see how credit unions fared in their states. In Mississippi, Members Exchange CU, which is based in Jackson had a branch office in Clinton that was without power and phone service on Friday, said Charles Elliott, president of the Mississippi Credit Union Association. He told News Now that "no credit unions or staff received any damage we are aware of." However, "we do not have information concerning any members at this time." In Alabama, "it appears that no credit unions were affected in the storm area. However, some members were," said Mike Bridges, vice president of marketing and communications at the League of Southeastern Credit Unions, which covers Florida and Alabama. He noted that a credit union in Montgomery has one member who was hit hard, but he was still trying to confirm circumstances. The league is trying to figure out what credit unions are doing for members, if anything, he told News Now. The league's credit union foundation is working to put together a plan for disaster relief. The Kansas Credit Union Association had not heard of any damage to credit unions in its storms, but it was contacting credit unions to make sure. "We had our annual meeting this weekend (Thursday-Sunday) so a lot of credit union people were in Kansas City," said Susan Dyer, communication specialist. Other states also reported tornadoes and funnel clouds. They include Texas, Arkansas, Oklahoma, Kentucky, Louisiana, Missouri, Illinois, Georgia, South Carolina and Maryland (abc3340.com April 18). Later in the week, News Now will follow up with more coverage on these states and how credit unions are assisting members and their communities. Meanwhile, another weather system is building toward the Midwest and expected to present a moderate risk of tornadoes, high winds and hail today in parts of Missouri, Arkansas, Illinois, Indiana and Kentucky.
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