With a handful of exceptions, credit unions were, as one Alabama CEO put it, "blessedly extremely lucky" in escaping personal injury or major property damage from the devastating tornado sprees of the past several days.
CUs across the South were putting their best community foot forward in providing loan assistance packages to victims of this week's violent storms destroying whole communities in northern Alabama, rural Mississippi, Georgia and elsewhere.
"I got back home and was so saddened to see so many homes and businesses devastated with whole subdivisions wiped away," said Stephen Swofford, president/CEO of the $410 million Alabama CU of hard-hit Tuscaloosa, where dozens lost their lives.
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
Already have an account? Sign In Now
© 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.
