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CU System
Hurricane season at end CUs stayed clear
MADISON, Wis. (11/30/10)--The 2010 hurricane season--which ends today--lived up to last year's predictions of an active hurricane season. Twelve hurricanes formed in the Atlantic Ocean. However, none made landfall on U.S. soil, and the nation's credit unions managed to stay clear of the storms. Hurricane season lasts six months. An average season produces 10 named storms, with six hitting hurricane status and two becoming major hurricanes. This season, 19 named storms formed, with 12 becoming hurricanes. Five were major Category 3 or higher hurricanes, with winds of 111 mph, according to the National Oceanic and Atmospheric Administration and the National Hurricane Center. Since the busy hurricane seasons of 2004 and 2005, which yielded seven major hurricanes including Ivan and Katrina, credit unions have stepped up their business continuity plans, adjusted their disaster recovery procedures, and taken measures to mitigate fraud during the disasters. Six months ago, when the 2010 season began, credit unions were assuring members they had procedures in place. Although they have not had to use them, credit unions in other countries have. This season's tropical storms and hurricanes killed more than 250 people in the Caribbean and in Central America, according to the Associated Press. Colorado State University meteorologist William Gray told USA Today (Nov. 29) that the chance of seeing so many hurricanes in a single season and not having a landfall was 2% to 3%. Half of the hurricanes turned right and ended up in the Atlantic Ocean, and half went to the Caribbean Sea, he said. While the 2010 season is over, he already is predicting an active hurricane season for 2011. No doubt credit unions will dust off their back up plans and, once again, be prepared to use them.
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