Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Tornado damages CU former Filene director loses car
WINDSOR, Colo. (5/28/08)--Denver-based Public Service CU is doing its part to help the community of Windsor, Colo., rebuild after a tornado struck the area Thursday and slightly damaged its branch there.
Public Service CU, Denver, donated $10,000 to the American Red Cross Tuesday to help those affected by a tornado that hit the Windsor, Colo., area Thursday. From left are three American Red Cross workers, David Maus, president/CEO of Public Service CU, and Sunny Lubbick, Public Service CU vice president of community outreach and former Colorado State University football coach. (Photo provided by Public Service CU)
The storm destroyed more than 100 homes, and another 100 are uninhabitable, said Bob Hoel, a Filene Research Institute Fellow and member of the board of directors at the $637 million asset credit union. Hoel told News Now that his car was lost in the storm. “The storm took out my car while I was eating in a restaurant,” he said. The downtown Windsor branch of Public Service suffered minor damage and a power outage. “The branch itself was fine,” Steve Ferrero, Public Service vice president of marketing, told News Now. “The heating and air conditioning unit was blown over." Both Hoel and Ferrero agreed that “the credit union was spared,” and noted that buildings within two blocks had severe damage. Though the tornado didn’t affect the branch, it did affect some of the employees--at least one had damage to her home, Ferrero said. Public Service CU moved aggressively to meet the community’s needs after the storm, Hoel added. The credit union donated $10,000 Tuesday morning to the American Red Cross, and is allowing affected members to defer payment on loans. It also is providing emergency lines of credit with low rates, he said. At a shred event in Fort Collins over the weekend, the credit union also collected $2,000 from additional donations to help storm victims. The money will go to benefit those affected by the storms in northern Colorado, Ferrero said. Windsor, which has a population of about 15,000, responded to the storm quickly, Hoel said. “It’s just incredible how quickly they patched up the town. We’re a part of that community and we’re on the fast track to get the city repaired,” he said. Public Service CU has 5,502 members who live in Windsor, and several more who work in Windsor but live outside of town, Ferrero added. Hoel is the retired executive director of the Filene Research Institute.
Other Resources


News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda
1 day ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief.
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today:…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now:
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants
1 day ago