Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Luck, preparation helps Hawaii's CUs escape hurricanes
HONOLULU (8/12/14)--A combination of good luck and preparation helped Hawaii's credit unions escape from last week's hurricanes unscathed.
 
Several credit unions were closed throughout the islands Thursday and Friday because of high winds and storms resulting from hurricanes Julio and Iselle, but the majority returned to normal operating hours Saturday, the Hawaii League of Credit Unions reported. None were damaged, the league added.
 
Hurricane Iselle had the most impact, striking the island of Hawaii as a Category 1 hurricane Thursday. The island was largely shielded by the presence of two large mountains, Mauna Kea and Mauna Loa, according to Reed Kano, the league's finance manager. Iselle later weakened to a tropical storm and traveled south of the island chain. 
 
Hurricane Julio traveled north of the Hawaiian Islands and had no effect on the islands except for high surf.
 
Hawaii's credit unions were prepared for the storms, Kano informed News Now via e-mail.
 
"In hindsight, the most important aspect of preparedness is good communications, keeping abreast of the approaching storms, reporting to state agencies and National Credit Union Administration, and post-damage assessments," Kano said. "Our member credit unions communicated with Hawaii Credit Union League as well as each other to obtain information as well as guidance."
 
Kano said credit unions also used social media extensively to update members and employees throughout the week.
RSS print
News Now LiveWire
#creditunion affinity card programs make the grade for schools See #NewsNow http://t.co/TThZIvMRTO
3 hours ago
Home-price appreciation softens further in July #NewsNow #Market http://t.co/0MXVy9sby0
4 hours ago
.@ChartwayFCU charitable arm, the We Promise Foundation, has reached the $1M fundraising milestone in a single year for the first time
5 hours ago
.@mncreditunions' Mark Cummins shares CU difference with @KIMTNews3 http://t.co/gkarhZxDRF
6 hours ago
.@LeagueofSECUs' brand campaign reaches 80M consumers #NewsNow #System http://t.co/yKmdYyXN2v
7 hours ago