CUNA Mutual Group said Tuesday afternoon that is not yet received a lot of reports about Hurricane Sandy damage to credit unions it insured. But the company also said it expects that to change.
“Many of these credit unions are still not able to get to their facilities, so we don't know the extent, if any, of their damages,” said CMG spokesman Phil Tschudy.
“Most of the damage reports CUNA Mutual Group has received so far have been from credit unions not impacted by major flooding,” Tschudy said. “Those credit unions are reporting power outages and minor building damage. However, those we are most concerned about have locations in the storm surge/flood areas.”
Tschudy said credit union policyholders that have sustained damage are encouraged to contact CUNA Mutual Group's Property and Casualty Claims Disaster Team at (800) 637-2676. The phone line is answered live by a claims staff person 24X7, the spokesperson said.
- SANDY NEWS Oct. 30, 2012 Insurers: Big Storm Raises Big Questions
- SANDY NEWS Oct. 30, 2012 Belvoir FCU Steps Up in Virginia
- SANDY NEWS Oct. 30, 2012 CFA Issues Tips for Insurance Claims
- SANDY NEWS Oct. 30, 2012 Navy Federal Shuts Down Base Branches
- SANDY NEWS Oct. 30, 2012 CO-OP Says Shared Branching Working
- SANDY NEWS Oct. 30, 2012 Assessing Impact, Waiving Fees in NJ
- SANDY NEWS Oct. 30, 2012 UWCU Offers Loan Help, Giving Opportunity
- SANDY NEWS Oct. 30, 2012 NCUA Offers Emergency LICU Grants
- SANDY NEWS Oct. 30, 2012 NCUA Canvassing Storm-Hit CUs
- SANDY NEWS Oct. 30, 2012 NCUA Working from Home
- SANDY NEWS Oct. 30, 2012 CUANY, MCU Closed Tuesday
- SANDY NEWS Oct. 30, 2012 SkyOne FCU Offers Lending Help
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.