Hundreds of CU Employees Affected by California Fires
Diana Dykstra, president/CEO of the California and Nevada Credit Union Leagues, reported hundreds of credit union employees have been affected by the California wildfires, and some of them have lost their homes.
“Many are currently residing in short-term shelters and are looking for long-term solutions,” Dykstra said in a prepared statement of the National Credit Union Foundation.
The California Department of Forestry and Fire Protection, Cal Fire, reported Thursday the death toll has increased to 23 and an estimated 3,500 homes and other structures have been destroyed. In addition, hundreds of people are missing, according to national media reports.
Fire conditions on Thursday remained active as more than 8,000 firefighters continued to battle 21 wildfires that have already scorched nearly 200,000 acres.
The National Credit Union Foundation said it is accepting donations through the online disaster relief system CUAid.coop to raise money for credit union people affected by the California fires. Credit union supporters in every state can make donations to the General Disaster Relief Fund at cuaid.coop.
“We are a family, and when a family member is impacted we come to their assistance,” Dykstra wrote in an email to credit unions. “These are communities in need. I know each of you can help to raise critical funds to support the families that have been impacted with substantial losses in these devastating fires, so in light of this tragic news, we’re asking for your help.”
The NCUA said Thursday it is monitoring the conditions of credit unions that may be in the path of the wildfires. Credit unions are encouraged to keep in contact with their examiners, and the agency will be ready to assist credit unions with maintaining or restoring operations, if necessary.
The NCUA’s Office of Small Credit Union Initiatives can provide urgent needs grants of up to $7,500 to low-income credit unions that experience sudden costs to restore operations because of these fires. Agency examiners can assist credit unions that wish to apply for those grants.
More than 11,000 homes in Napa and Santa Rosa Calif. are at a significant risk of being damaged by the California wildfires, according to a hazard risk analysis by CoreLogic
CoreLogic also estimated 172,117 homes are at some level of risk throughout the Napa and Santa Rosa metropolitan areas. The analysis is calculated based on homes within these two core based statistical areas and on active fires in Napa and Santa Rosa.
The combined reconstruction cost value is $5 billion for the 11,000 homes at significant risk of damage, according to CoreLogic, an Irvine, Calif.-based provider of property information and analysis.
Although the majority of homes, 161,059, are at low to moderate risk of damage, the company noted that wildfires could easily expand to adjacent properties and cause significant damage even if a property is not considered high risk.
Throughout California, 9.1 million homes with a combined reconstruction cost value of $3.1 trillion are at some level of risk from this natural disaster.
Red Flag Warnings for gusty winds and low humidity remained in effect on Thursday across the fire zones and much of Northern California, according to Call Fire.
“These winds will continue to challenge firefighters in their efforts towards containment and will increase the risk for new fires. With high fire danger across California yesterday (Wednesday), a new large wildfire broke out in Fresno County,” Cal Fire said in a prepared statement.