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News Now

CU System
Washington CUs provide more flood assistance
FEDERAL WAY, Wash. (12/12/07)--Several credit unions in Washington are providing more help to those affected by last week’s floods, according to the Washington Credit Union League (WCUL). O Bee CU, Tumwater, has set up a flood victim’s account to help local families. Donations will be given to the Salvation Army and the American Red Cross, and will be accepted at the Tenino or Tumwater branches. Donations will be accepted through the end of the year, and O Bee will match the first $5,000 in contributions, according to David Bennett, WCUL director of public relations. BECU, Seattle, also has activated its Member Assistance Program. The program provides up to $3,000 in unsecured loans or $10,000 in secured loans. Great Northwest FCU in Aberdeen reported to the league that it was without power until 8 a.m. Dec. 5. The credit union opened three branches on Dec. 4 without power and conducted limited transactions. On Thursday afternoon, Great Northwest FCU’s Ocean Park and Raymond branches opened with power. More than 300 homes were destroyed as a result of the flooding. More than 1,600 livestock were lost, and 700 people are without power. One of the state’s highways remains closed. The National Guard troops still are involved with recovery work, according to league updates. Cleanup from the flooding will take months, Washington Gov. Chris Gregoire said Monday. Six people were killed in the storms. Damages could cost billions of dollars (Associated Press Dec. 10).


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