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News Now

CU System
No reports of CUs with flooding wind damage--yet
MADISON, Wis. (8/22/08)--CUNA Mutual Group hasn't received reports of damage to Florida credit unions from Tropical Storm Fay, but that could change, the credit union insurer said. "Heavy flooding has resulted from Tropical Storm Fay, which has been a real slow mover," said Phil Tschudy, media relations manager for CUNA Mutual. "Fortunately for Florida, the winds associated with this storm are expected to greatly diminish over the next several hours," he told News Now early Thursday afternoon. "We currently have no credit unions reporting flood- or wind-related problems; however, the longer Fay stays around, the greater the chance that may change," he said. Tschudy said CUNA Mutual has activated its Property and Casualty Disaster Team, and any storm-related losses reported will be handled on a priority basis. The CUNA Mutual Group Disaster Claim hotline is 800-637-2676. It is answered 24/7/365, said Tschudy. Fay has been stalled off Florida's northeast Atlantic coast, about 15 miles from Daytona Beach, and has produced torrential rains--up to 30 inches in Brevard County, home of NASA's Kennedy Space Center, which has been closed since Tuesday. Hundreds of homes were flooded from St. Lucie to Brevard counties, and more than 10,200 homes and businesses in Brevard County were without power. Gov. Charlie Crist said the storm was "becoming a serious catastrophic flooding event," according to Associated Press (Aug. 21). And the storm isn't over. Jacksonville residents were told to expect the brunt of the storm's return to land later Thursday. The southern half of Georgia's coastline also is under a tropical storm warning. The storm first hit the Florida Keys Monday, then veered into the Gulf of Mexico before hitting land again. It would be the fourth storm in history to hit Florida three times with tropical storm intensity.
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