Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
All but two Ike-struck CUS contacted reports NCUA
ALEXANDRIA, Va. (9/18/08)—As of close of business Tuesday night, the National Credit Union Administration (NCUA) reports that there are only two credit unions—both federally insured and state-chartered—that state and federal credit union authorities have not made contact with yet. Additionally, the NCUA reports there are an additional 32 federally insured credit unions that are not operational at this time. The agency says that its calculations based on member numbers shows that 89% of affected members have access to at least some credit unions services. “This is a major accomplishment given that Texas media is reporting that over 2.1 million residential customers are still without power,” noted John McKechnie III, NCUA director of public and congressional affairs. He added that many credit unions are operating from alternate work sites, shared branch centers, or on generators. In an announcement issued yesterday, McKechnie said the NCUA noted "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
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
11 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
13 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
15 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
16 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
17 hours ago