Hurricane Sandy: New York Credit Unions Mostly Back in Business
The majority of credit unions on Long Island and the Westchester/Rockland areas in New York are now operational, but a number of those credit unions are still facing some issues, including unopened and/or not fully operational branches, many of which are functioning with reduced staff, according to the Credit Union Association of New York in Albany.
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In addition to persistent power outages in some areas, technology issues such as no telephone, Internet or mobile services continue to impact operations at numerous credit unions, said Bonnie Sklar, public relations coordinator for CUANY. Other credit unions have been able to power branches and offices with back-up generators.
Credit unions, including Bethpage, Nassau Educators, Palisades and Polish & Slavic federal credit unions have announced special programs to assist members with recovery such as loan payment deferments, hurricane relief loans or emergency lines of credit, and fee waivers on non-sufficient funds and late fees on loan payments.
Many New York credit union employees and members live and work in areas impacted by Hurricane Sandy, creating a significant need for financial assistance. The CUANY has reactivated the statewide Disaster Relief Fund. More information on contributing is at www.cuany.org