CUNA News Now: Shared branching network feels hurricane impact

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GREENSBORO, N.C. (9/26/05)--As evacuees from Hurricanes Katrina and Rita leave their homes for safer areas, they are finding that credit unions in the shared branching networks are providing lifeline financial services.

Although many credit unions have reopened since Katrina hit, "That's not very helpful if you are hundreds of miles away from the credit union," said Steve Willis, president, Carolina Credit Union Services (CCUS). "This is where shared branching has been a great benefit."

Members are extremely thankful to have access to shared branches, said Donna Bariager, president/CEO, Carolina FCU, Cherryville. The credit union joined CCUS a month ago, and Bariager said already the shared branching network is proving invaluable (North Carolina Credit Union League Weekly Update Sept. 22).

"Shared branching is often thought of as a mere convenience," Willis said, "but this hurricane shows the true benefit the network brings."



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	News Now LiveWire Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey. 12 hours ago St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX 13 hours ago CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN. 17 hours ago NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts. 4 days ago Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan. 4 days ago Sign up; more tweets... Shared branching network feels hurricane impact GREENSBORO, N.C. (9/26/05)--As evacuees from Hurricanes Katrina and Rita leave their homes for safer areas, they are finding that credit unions in the shared branching networks are providing lifeline financial services. Although many credit unions have reopened since Katrina hit, "That's not very helpful if you are hundreds of miles away from the credit union," said Steve Willis, president, Carolina Credit Union Services (CCUS). "This is where shared branching has been a great benefit." Members are extremely thankful to have access to shared branches, said Donna Bariager, president/CEO, Carolina FCU, Cherryville. The credit union joined CCUS a month ago, and Bariager said already the shared branching network is proving invaluable (North Carolina Credit Union League Weekly Update Sept. 22). "Shared branching is often thought of as a mere convenience," Willis said, "but this hurricane shows the true benefit the network brings." News Now Related Stories: Hurricanes 2005 More CU/System
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