The Waterbury branch of the $560 million Vermont State Employees Credit Union remains closed after the state building hosting it was flooded by Hurricane Irene more than a week ago.
"The State of Vermont has not given us any indication of when and if repairs will begin. I expect to be out of that branch for an extended period of time," said Terry Field, vice president of finance for the 49,000-member CU.
The credit union is based in Montpelier and has six branches. Vermont was among the states particularly hard hit by the disastrous flooding rains the tropical system dropped along the East Coast the weekend of Aug. 27-28.
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.
