Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Hurricane tally Two dozen La. Miss. CUs with minor losses
MADISON, Wis. (9/6/12)--Credit unions in Mississippi and Louisiana were nearly back in full operation in their recovery from Hurricane Isaac.

About two dozen credit unions--roughly 12 each in Louisiana and Mississippi--had reported damages from Isaac.

All credit unions in Mississippi were back in operation on Friday, according to the Mississippi Credit Union Association.

Of the roughly dozen credit unions that sustained damages in Louisiana, all but one were back in operation Wednesday, Connie Major, Louisiana Credit Union League executive vice president, told News Now.

Power at Louisiana league offices was restored in Harahan, La., was restored late Monday night. allowing staff to return to normal business hours on Tuesday, said the league (eNews Sept. 5).

"We made plans on Sunday (Aug. 26) to move a member of our management team to North Louisiana, away from the projected path of Isaac," Anne Cochran, league president/CEO said in the newsletter.

Immediately after the storm, the league contacted Louisiana-based and credit union trade media informing credit union members about the availability of shared branching outlets across the state and nation, Cochran said.

CUNA Mutual Group also reported no further damages had been reported Wednesday by its policy holders.

State Farm Insurance reported it received more than 16,780 claims in Louisiana and Mississippi, with more than 15,000 coming from Louisiana, primarily property claims and more than 3,500 auto claims, according to propertycasualty360.com (Sept. 5).

The Louisiana Citizens Property Insurance Company Corp. said has received about 6,000 claims, of which 326 are commercial.

Louisiana Insurance Commissioner Jim Donelon said the department is getting calls from consumers--primarily questions about coverage and reporting claims--"but frankly, they are not ringing off the hook."
Other Resources

RSS print
News Now LiveWire
.@TheNCUA :Low-income CUs can expand services to members, train staff,collaborate for efficiencies w/more than $1M in grants awarded 2day
5 hours ago
.@CUNA joins 11 other financial service orgs urging @SenateFloor to take up #CISA to strengthen cybersecurity information sharing
6 hours ago
.@RedwoodCU and its staff donated a combined $5,100 toward AIDS Walk San Francisco. The CU is a longtime sponsor of the event.
6 hours ago
See the latest from @CUNA's CompBlog on Customer Due Diligence. http://t.co/rzOzDUpNMT
6 hours ago
New #FinCEN proposal would strengthen, clarify due diligence obligations for financial institutions. http://t.co/2yxVUXCrYA
6 hours ago