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News Now

CU System
Hurricane Alex good reminder for CUs to be prepared
FARMERS BRANCH, Texas (7/2/10)--Texas credit unions were spared from Hurricane Alex, which weakened to a tropical storm early Thursday while moving across northern Mexico after making landfall in Soto La Marina, Mexico, Wednesday at 9 p.m. CT. CUNA Mutual reported that none of its insured credit unions in Brownsville, Texas, suffered damages, Phil Tschudy, CUNA Mutual media relations manager, told News Now. Brownsville is 110 miles north of the landfall. Though the storm did not harm credit unions, Alex is a good reminder for them to be prepared, according to Dick Ensweiler, Texas Credit Union League president/CEO. The Texas league, the National Credit Union Administration, and CUNA Mutual Group took measures Wednesday to ensure credit unions were prepared for the storm. The league actively monitored Alex’s progress and encouraged credit unions in the area to review their contingency plans. Alex caused about 11 inches of rain to fall in Brownsville. It was the earliest Category 2 hurricane to hit Texas in more than 40 years (Associated Press July 1). No injuries or major damage was reported. Fewer than 2% of customers were without power, according to American Electrical Power.
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