MADISON, Wis. – While it is still too early to have any figures in terms of claim amounts in the aftermath of Hurricane Charley, CUNA Mutual Media Relations Manager Phil Tschudy says that so far most damage reports include wind damage to building interiors, water damage and power outages. One credit union that appears to have sustained the most severe damage is Lee County Postal CU in Fort Meyers as a result of roof damage to its sponsor's building. Tschudy says at this point no other losses have been reported outside of Florida. “We did attempt to contact credit unions since Friday as we were aware of this and anticipated there would be some damage following the storm,” said Tschudy. “It is a serious situation and we're ready to do all we can to help credit unions there.” With field staff and an independent catastrophe claims team already based onsite, CUNA Mutual did not have to send any additional staff to Southwestern Florida. CUNA Mutual also activated its Disaster Response Team, which is available 24 hours a day, seven days a week and can be reached toll free at (800) 637-2676.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.