NCUA Board Chairman Rick Metsger said Thursday the federal agency's staff is working with federally insured credit unions in Louisiana to help them continue to serve flood victims and to ensure continuity of operations.
The Louisiana Credit Union League reported Wednesday that the homes and cars of up to 300 credit union employees have been damaged by the worst floods ever recorded in Louisiana. During the first few days of the natural disaster, some credit union employees were housed in boardrooms because they had no place to go.
From Aug. 8 to Aug. 14, more than 2.5 feet of rain deluged parts of the state in what the American Red Cross called the worst U.S. disaster since Superstorm Sandy in 2012. About 13 people died in the flood and more than 60,000 homes were damaged, according to national media reports.
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