GREENSBURG, Kan. — When tornado – ravaged Greensburg residents finally rebuild their small community, it will likely lack a credit union.
Prior to the monster tornado, which essentially wiped the town off the map on May 4 2007, Greensburg had three bank branches and a start up branch of the $121 million Mid American Credit Union, headquartered in Wichita. The credit union branch had been located in the same space as an H&R Block and accounting office and had been designed to serve as a start up branch, the credit union said in the wake of the storm.
But even though the town has begun fulfilling its vow to rebuild from the foundations up, the CEO of Mid American explained that a combination of field of membership restrictions and changes in some of the relationships that helped support the CU in Greensburg have conspired against the CU reopening its branch there.
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