Municipal Credit Union’s troubles persist. New York credit union now reports 14,000 members affected by direct deposit failures.
The aftermath is “unthinkable devastation” said New Jersey Gov. Chris Christie when describing the massive destruction left behind by Hurricane Sandy that blasted the East Coast in the evening of Oct. 29. The monster storm caused massive flooding throughout New Jersey, New York and Connecticut, igniting fires that destroyed...
Storm knocked down Manhattan headquarters and New Jersey backup site, direct deposits being manually processed.
Municipal Credit Union says online banking is restored, reaches out to members with post-storm services.
Battered NYC credit union re-opening branches.
Credit unions across the greater New York City area suffered a wide variety of different damage from the superstorm and with different levels of response.
Storm aftermath leaves New York league and big Manhattan credit union closed again.
Pennsylvania Credit Union Association to remain closed Tuesday; CUANY reaches out, MCU stays closed.
National Federation of Community Development Credit Unions and Municipal Credit Union close doors in New York City.
A close-up look at a dozen cases by insiders and members that cost credit unions more than $185 million, and often, their very existence.