Louisiana credit unions remained closed and hunkered down Wednesday waiting for Hurricane Isaac to pass through and damage and power outage reports to come in, according to the Louisiana Credit Union League.
Any assessment of damage to credit union and member property would have to come in the morning, as torrential rains showed no signs of letting up late Wednesday, said Connie Major, executive vice president of the league.
|- RELATED: Alabama, Mississippi CUs Dodge Isaac's Bullet
- RELATED: NCUA Activates Disaster Policy
- RELATED: CUNA Mutual Activates Claims Teams
- RELATED: Gulf Coast CUs Brace for Storm
- RELATED: CUNA, GTE Financial Still Ready for GOP Party
"Credit union employees and their families across the state are simply sheltered in place riding this one out," Major said from her Baton Rouge home "where the lights are still on."
If there had been major catastrophes as in Katrina in 2005, "we probably would have heard by now," she said. "Credit unions would be letting us know."
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.
