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News Now

CU System
TCUF Assessing Tornadoes' Impact On CUs
FARMERS BRANCH, Texas (5/17/13)--Staff of North Texas credit unions in the area of two tornadoes Wednesday in Granbury and Cleburne are reporting damage to their homes.

The Texas Credit Union Foundation said it was assessing the situation and is ready to assist credit unions and their employees impacted (LoneStar Leaguer May 16).

Tornadoes late Wednesday hit north-central Texas, damaging several homes, injuring 100 people and killing six (Property Casualty 360 May 16).

"I have spoken to the CEO [Paul Elkins] at Members CU in Cleburne," TCUF Executive Director Courtney Moran told News Now. "His staff is all OK, but almost everyone is without power, so they have not had much time to assess damage, if any. He has distributed the foundation's Phase I grant application to staff and we will stay in communication.

"I received word that a couple of staff members at Texas People FCU [in Fort Worth] did receive damage to their homes," Moran added. "Neither one of them are in the office today, but I did leave a message with her assistant, have sent her an e-mail, and they will receive all direct messages as well."

TCUF will activate its disaster relief fund if it is determined that the damage is widespread.

"In times of crisis, the foundation is here to help our credit unions and their staffs get back on their feet so that they in turn can be there for their members," said Moran.

"Already I received countless e-mails and phone calls from credit unions across the state wanting to know how they can help," Moran said. "It's so gratifying to know that we serve in a movement where people really care about each other."

News reports indicated more than 50 people were taken to a Granbury hospital, where 14 were admitted for treatment of injuries and two were transferred to a hospital in Fort Worth, TCUF said.  

TCUF will notify credit unions if and when its disaster relief fund is activated.
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