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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.
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