Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Alabama storm damages CU
BIRMINGHAM, Ala. (1/25/12)--A tornado that touched down in Alabama Monday ripped a large portion of the roof off the main branch of Secure First CU in Birmingham, Ala., and also did structural damage to the drive-thru, second floor and front entrances. The credit union is closed.

A tornado that touched down in Alabama Monday ripped a large portion of the roof off the main branch of Secure First CU in Birmingham, Ala., and also did some structural damage to the drive-thru, second floor and front entrances. (Photo provided by the League of Southeastern Credit Unions)

Click to view larger image
Secure First has two other branches--one in Birmingham and one in Brookwood, Ala.

"Thus far, no employees at Secure First have been displaced. They were just unable to come out of their homes yesterday due to debris and surface damage," Amy Jowers, director of information services for the League of Southeastern Credit Unions, told News Now.

"We are picking up a mobile branch today and will deliver it to Secure First on Thursday. The mobile branch is owned by Pen Air FCU [in Pensacola, Fla.] They are lending it to Secure First to use until things are back up and running."

A press report that an employee of the $379 million asset Secure First CU lost a home in the tornado isn't true, Jowers added. Secure First CEO Jordan Sullivan said Tuesday afternoon that no employees lost their homes.

However, Birmingham-based Legacy Community FCU employees have had some tremendous losses, Jowers said. No specifics were available at press time.  Everyone still seems to be in the assessment stage, Jowers said.

The tornado destroyed or damaged hundreds of homes, leaving two people dead. The National Weather Service confirmed that a tornado with winds estimated at 150 mph touched down near the town of Clay, Ala., early Monday. The storm destroyed at least 211 homes and seriously damaged another 218, according to the American Red Cross in Alabama (CNN.com Jan. 24).

Seven Alabama counties reported damage from the storm, with most occurring in Jefferson and Chilton counties. Five schools still were closed Tuesday in Jefferson County, including one that will have to be razed, said CNN.com.
Other Resources

RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
15 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
17 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
17 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
18 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
18 hours ago