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News Now

CU System
Pennsylvania CUs closed in rare noreaster
HARRISBURG, Pa. (5/14/08)--A rare spring storm--known as a nor’easter--knocked down trees and power lines in southeastern Pennsylvania, resulting in a power outage that closed three credit unions Monday. The outages resulted in the late morning closings of Delco Postal CU; P.S.T.C. Employees FCU; and Upper Darby Belltelco CU, all located in Upper Darby, Pa. (Life is a Highway May 13). Power was restored to the area by 7 p.m. Monday. The outage was describe as “a minor nuisance” with everything up and working fine Tuesday morning, John Schmidt, CEO, Upper Darby Belltelco, told the Pennsylvania Credit Union Association. Bob Manning, CEO of P.S.T.C. Employees, stayed at the credit union and distributed checks that had been processed before the power outage to members who came to pick them up. Manning said members were understanding of the situation and that this demonstrates why credit unions are better than banks. “You wouldn’t see a banker standing at the door handing out checks to customers who needed their money,” Manning said.
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