Hurricane Sandy: New Jersey Credit Unions Continue Slow Recovery
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.
- SANDY NEWS: Nov. 1, 2012 Bethpage Back in Business
- SANDY NEWS: Nov. 1, 2012 NJCUL Shares Offers of Help
- SANDY NEWS: Nov. 1, 2012 CUNA Mutual Says 25 Claims So Far
- SANDY NEWS: Nov. 1, 2012 New Jersey CUs Continue Recovery
- SANDY NEWS: Nov. 1, 2012 NCUA Set to Release Affected CUs List
- SANDY NEWS: Nov. 1, 2012 Navy Federal Re-Opens Most Branches
- SANDY NEWS: Nov. 1, 2012 Business Insurance Fracas Looms
- SANDY NEWS: Nov. 1, 2012 NYC’s MCU Reaches Out to Members
- SANDY NEWS: Nov. 1, 2012 Insurance Claims Could Make Storm Third-Costliest
- SANDY NEWS: Nov. 1, 2012 Affinity FCU Set to Re-Open Branches
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.”
About 781,000 utility customers are without power, according to Newark, N.J-based PSE&G. About 950,000 utility customers have had their power restored following Hurricane Sandy. The storm impacted 1.7 million of PSE&G’s 2.2 million electric customers.
At 5 p.m. Thursday, the New Jersey Credit Union League released additional updates of credit union operations throughout the state. Some of the latest developments, which are posted online, include:
- 1st Bergen FCU – Will be open from noon to 6:00 p.m. Friday at 291 2nd Street, Hackensack.
- Community Financial Services FCU – Has no power and will reopen once power is restored. All back office transactions including ACH, share draft and ATM are being processed. Online banking and bill pay are also up and running.
- Financial Resources FCU – Bridgewater branch was re-opened until 3 p.m. Thursday, but all other branches remain closed. All locations outside of New Jersey are operational. The website, mobile, mobile apps, text messaging and other electronic services are up and running. However, the 800 number is not operational.
- First Financial FCU – Neptune and Toms River branches will open Friday at 9 a.m. with limited service.
- McGraw-Hill FCU – 2 Penn Plaza, 1221 Ave. of the Americas, and East Windsor, N.J. branches are now open and operating under normal business hours. 55 Water St. branch is still closed due to the forced evacuation of the building. Phone system is operating. Continuing to monitor online banking/bill payment and mobile banking and shared branching locations, which are currently offline.
- United Teletech FCU –Tinton Falls Branch is open for business but is operating on modified hours (Lobby: 9 a.m. to 4 p.m., Drive-Up 8:30 a.m. to 4:30 p.m.). All other credit union locations remain closed pending power restoration.