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News Now

CU System
Louisiana CUs seem to have weathered Ike OK
HARAHAN, La. (9/16/08)--Despite widespread flooding, Louisiana credit unions seem to have weathered Hurricane Ike fairly well, based on limited preliminary assessments, according to the Louisiana Credit Union League. “I’ve talked to a couple of credit unions in Lake Charles, and it seems like the situation is OK,” Connie Major, league executive vice president, told News Now Monday afternoon. “Electricity is coming back on and ATMs are working. It appears that Ike did more water damage than wind damage here. We have a field person making calls now to credit unions. “It seems like Louisiana weathered the hurricane pretty well and did not sustain as much damage as Houston or Galveston, Texas. The area where the hurricane hit in Louisiana is not highly populated and there are not a lot of credit unions there,” she added. Hurricane Ike flooded more than 200 miles of road and 13,000 buildings in the southern part of Terrebonne Parish, impacting about one fifth of the area residents, according to officials there. Also parts of Cameron, Lafourche and Vermillion counties were heavily flooded when levees were topped or breached (USA Today Sept. 15). On Saturday, the Bush administration declared 14 Louisiana parishes to be major disasters, allowing aid from federal funds and resources, according to the National Credit Union Administration (NCUA). The parishes are: Acadia, Beauregard, Calcasieu, Cameron, Iberia, Jefferson, Jefferson Davis, Lafourche, Plaquemines, Sabine, St. Mary, Terrebonne, Vermilion and Vernon. NCUA’s Region IV Texas and Louisiana staff are accounted for and safe, although some are without power and others cannot return to their homes, NCUA said in a press release.
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