New Jersey's largest credit union, the $2.2 billion Affinity Federal Credit Union in Basking Ridge, said it now has 10 of its 15 branches open that will be operating under regular business hours 8:30 a.m. to 6 p.m. The remaining five branches are still closed because of no power.

Other New Jersey credit unions are also opening some branches with limited hours or limited services, while some credit unions said they will remain closed because of no power, according to report from the New Jersey Credit Union League.

|

So when will New Jersey have full power?

"Our best forecast as of now (Nov. 1) is that we will have virtually all of our impacted customers restored to service within the next seven to 10 days," PSE&G , New Jersey's largest power provider, said in a statement. "The majority of customers will be restored before then.  There may still be isolated pockets of customers who have individual flooding or downed line issues that may take slightly longer."

Continue Reading for Free

Register and gain access to:

  • 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