Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
103 CUs in Ike territory are operational--NCUA
WASHINGTON (9/17/08)--Of the 179 credit unions affected by Hurricane Ike in Texas and Louisiana, 103 are operational, according to the National Credit Union Administration (NCUA). NCUA, jointly with the Louisiana and Texas state regulators, contacted 158 of the 179 affected credit unions as of the close of business Monday. "We anticipate several more will either open today or Wednesday, as power is restored to the Houston metro area," said John McKechnie III, NCUA director of public and congressional affairs. "Galveston-area credit unions continue to evidence the most damage and difficulty in restoring operations," he said. He added NCUA notes "a very high level of disaster preparedness among credit unions in the Texas and Louisiana coastal areas, with good implementation of contingent record-keeping and off-site operational ability plans." Hurricane Ike struck the Texas and southwestern Louisiana coastline on Saturday.
Other Resources

RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
9 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
10 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
12 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
12 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
14 hours ago