Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
South Florida CUs brace for impact from Isaac
MADISON, Wis. (8/24/12)--CUNA Strategic Services has sent an e-mail to leagues in the Southeastern states with information regarding Tropical Storm Isaac, which will be the topic of a webinar today at 11 a.m. ET. Isaac is projected to become a Category 1 hurricane this weekend and may approach landfall in Florida Monday.

The brief webinar will provide an update on the threats Isaac presents and the potential impact to businesses. CSS service provider Agility Recovery is participating in the webinar. It also has provided a hurricane preparedness checklist, a flood checklist, a disaster recovery kit, and a portable generator fact sheet. Use the links for more information.

At press time Thursday afternoon, Tropical Storm Isaac was moving into the eastern Caribbean Sea near Puerto Rico and the Virgin Islands.  It was expected to hit Hispaniola--the Dominican Republic and Haiti--as a hurricane. It then was expected to reach eastern Cuba by early Saturday and exit over the Florida Strait early Sunday. That would give it a day over warm ocean to gain strength to a Category 1.

After that projections are uncertain, encompassing anywhere from the Florida Keys to farther up the Gulf Coast of the state--just as the Republican National Convention gets underway in Tampa, which lies halfway up Florida's Gulf coastline. The storm could affect air travel Sunday through Wednesday in the area. Also, Tampa is prone to storm surge near where the convention will be (Washington Post Aug. 23). However, as of Thursday, weather forecasters said there was a 24% chance of Tampa encountering tropical storm-force winds.

The Credit Union National Association, state leagues, and credit unions planning to attend the convention are monitoring the situation. They will be at both the GOP convention in Tampa next week and the Democratic National Convention in Charlotte, N.C., the following week.

People in the southern part of Florida are already preparing for the event of a hurricane, which would be Florida's first since 2005.

A Category 1 hurricane is the lowest of the five categories on the Saffir-Simpson scale, said Reuters (Aug. 23).
Other Resources

RSS print
News Now LiveWire
Expanded ATM services at branches attractive to members: @CFIGroup. See #NewsNow Friday
6 hours ago
#FinCEN imposes civil money penalty against NJ's BPI money services co. for #BSA violations http://t.co/WnDzOcxdOZ
8 hours ago
.@ABCULCUs give hat tip to America's #100MM #creditunion milestone http://t.co/q8yo6Lx3LM
9 hours ago
The @CFPB has announced new Credit Union Advisory Council members, as well as other senior leaders, advisory board and council members.
10 hours ago
GDP expanded 4.2% on an annualized basis in 2Q according to Bureau of Economic Analysis
10 hours ago