CUs Along Gulf Coast Shutter Offices As Hurricane Hits


TALLAHASSEE, Fla.–A number of credit unions along the Gulf Coast of Florida have closed their offices today as Hurricane Michael approaches. The hurricane is expected to bring a strong storm surge along the coast and heavy rains inland as it heads northeast.

The League of Southeastern Credit Unions, which represents CUs in Florida and Alabama, has closed its Tallahasee, Fla., office, although its Birmingham, Ala., office remains open. Other credit unions that have announced branch closings include Army Aviation Credit Union in Alabama, and Buckeye Community FCU, Emerald Coast FCU, Envision CU, Five Star CU and Panhandle Educators FCU in Florida.

Many of the credit unions anticipate keeping offices closed on Thursday, as well, depending on the path and speed of the storm.

NCUA meanwhile, reminded it has a hurricane information webpage with material on preparedness and recovery available for credit unions and members in the storm’s path.

The agency said it is also prepared to assist credit unions with maintaining or restoring operations, where necessary. NCUA’s said its Office of Credit Union Resources and Expansion can provide urgent needs grants up to $7,500 to low-income credit unions that experience sudden costs to restore operations interrupted by the storm.

The League of Southeastern Credit Unions also stated its Foundation has funds available for any CU that may need relief and assistance.

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Copyright Year: 2018
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