Fearing the worst from Hurricane Sandy, Navy Federal Credit Union said it made the decision earlier this morning to either close or have early closures of several of its branches in Maryland, New Jersey and Virginia.

So far, the $51 billion credit union based in Vienna, Va., has closed 20 branches today. Eighteen branches will close two hours earlier than scheduled on Monday.

“I can tell you we were well prepared well in advance of the storm and we are evaluating the situation constantly,” said Jeanette Mack, corporate communications officer at Navy Federal.

Mack said a complete list of branch closures is available on the credit union's Facebook page. The latest update was posted on Facebook at 11: 15 a.m. EDT. Listings have not yet been posted to Navy Federal's official home page but that is scheduled to change shortly as more updates come in, Mack added.

“The list is growing as we speak. We've been getting in touch with regional managers and making assessments locally on what's happening on the ground in terms of any flooding,” Mack said.

While some branches are closed, Mack said Navy Federal's contact centers and online capabilities are fully up and running.

“Pretty much, everyone is bracing for the storm. The one thing were most concerned about is the safety of our employees and members,” Mack said.

Navy Federal serves four million members, has 225 branches and employs more than 10,000 staffers worldwide.

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
NOT FOR REPRINT

© 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.

Credit Union Management
Regulatory & Compliance