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News Now

CU System
Texas CUs OK after Hurricane Dolly
BROWNSVILLE, Texas (7/25/08)--Texas credit unions remained relatively unscathed in the wake of Hurricane Dolly, which made landfall early Wednesday afternoon near Brownsville. Now downgraded to a tropical storm, Dolly heaped torrential rains on southern Texas and northeastern Mexico Thursday, damaging some buildings and resulting in flooding (CNN.com July 24). “We have received feedback from several credit unions in South Texas that were impacted by the hurricane,” Mike Delker, vice president of credit union relations for the Texas Credit Union League, told News Now. “Although there was some minor damage, the majority of it does not seem to be extensive, even though the storm intensified into a category 2 hurricane. “There are reports of some roof damage, minor flooding, and some electrical lines down. Fortunately, the credit unions were very well prepared and appear to have rebounded admirably. It appears that most are open for business today,” he said Thursday. CUNA Mutual Group said Thursday that damage reports from credit unions are minimal so far. “Hurricane Dolly made almost a direct hit on Brownsville and San Padre Island, Texas, but due to its size, it appears we'll see few, if any, losses to credit unions,” Phil Tschudy, CUNA Mutual media relations manager, told News Now. “CUNA Mutual's Property and Casualty Claims staff has contacted the majority of credit unions in the impacted areas, and all report they are fine,” he continued. “However, we are continuing to reach out to those credit unions we've not yet contacted. We are cautiously optimistic we'll see few losses, and that those will be minor in nature.”
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