Polar Vortex Freezes Credit Unions
For the second time in four days the extreme winter weather is making it tough for credit unions to get off to a fast start in the New Year.
On Monday, numerous credit unions across the nation were forced to close branches because of brutal, life-threatening subzero temperatures generated by the Polar Vortex. Last Friday, some credit unions had to shut down offices or delay opening branches after a winter storm, Hercules, dumped one foot of snow or more throughout some states in the Midwest and Northeast, making road conditions dangerous.
Other credit unions were open in areas in the Polar Vortex, like the $2.3 billion Landmark Credit Union in New Berlin, Wis., which open on Monday and offered winter safety tips for members on its Facebook site. The $14.6 million South West Communities Credit Union in Carnegie, Pa., passed on information to members that a local police station was opening as a “warm center” for anyone who lost power in their homes.