FREEPORT, Texas — When Edward Speed, CEO of the $1.3 billion Texas Dow Employees Credit Union and a private pilot, heard that the $150 million Dow Louisiana Federal Credit Union desperately needed cash in the wake of Hurricane Katrina in 2005, the answer was obvious.
He packed $600,000 in his small plane and, with another Texas Dow executive flew it to Baton Rouge, Louisiana, where Dow Louisiana CEO Jeff Hendrickson accepted it and put it to vital use in the recovery effort.
Now, with Hurricane Ike bearing down on the county where Texas Dow has its headquarters, Hendrickson and Dow Louisiana FCU are returning the favor, not with cash but with something perhaps even more important: practical help to bring Texas Dow back on line and their experience in hurricane recovery.
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