Obama signed expansion into law over the weekend; Sandy claims cited as cause for concern.
Philadelphia's Freedom Credit Union said loans totaled $650,000 of the $2 million it set aside for emergency relief lending.
A month after Hurricane Sandy’s devastation, the SBA said it has approved more than $150 million in disaster loans in four states.
More than $100,000 has been distributed to about 90 credit union members, employees and volunteers.
Experts discuss lessons from MCU’s issues. MCU President/CEO Kam Wong discusses what his credit union has learned not to do next time.
GrooveCar joint venture says post-Sandy numbers up sharply as drivers replace flood-wrecked vehicles.
Prudent efforts by institutions to meet customers’ cash and financial needs generally will not be subject to examiner criticism, the guidance said.
Of the 2,000 credit unions located in the path of Hurricane Sandy, 838 were unable to operate, in varying degrees, during the difficult days following the super storm, according to the NCUA. And it took nearly a full week before most of those credit unions were be back in business...
The Credit Union Association of New York said more than $70,000 raised by its foundation's disaster relief fund to help victims in the industry.
Despite the high winds recorded from Superstorm Sandy, wind damage from the storm was “surprisingly minor,” a report says.