DES MOINES, Iowa — Iowa credit unions, reeling from record flooding in half a dozen cities, were starting to count their losses Monday with some preparing to resume a modicum of normal operations as early as tomorrow or Wednesday.
Underlying a co-operative spirit taking hold, CUs across the state were assisting their brethren with call center hookups, back up equipment and lending office space to CUs forced to close offices last week as rushing river waters swamped facilities.
“We're glad we could offer our help to three other Des Moines credit unions and I think at least one plans to reopen tomorrow,” said Kent Strawn, president of the $50 million First Class CU which invited Des Moines Metro CU, Des Moines Police Officers and USDA CU to set up offices in First Class with 10 employees moving in last week.
Meanwhile, the $649 million University of Iowa Community CU in Iowa City said its lone branch in the student union building on the flooded campus would remain closed indefinitely as the CU prepared to start offering loan payment deferrals and waivers to assist impacted members.
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