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 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...
CUNA Mutual said Thursday it has received damage reports from about 25 credit unions in seven states and expects that number to rise.
Insurer says many of the credit unions affected are still unreachable by their employees.
CUNA Mutual Group activates disaster team as late season hurricane makes menacing move toward Mid-Atlantic, Northeast states.
Reports of loss stemming from Hurricane Isaac continue to be on the low end thus far, CUNA Mutual Group said Tuesday.
Credit union insurer says only one major flood claim so far, scattered minor damage reports.
More credit unions around the country are having at least their senior security officers obtain certification as recognized financial crime investigators as they attempt to both counter existing crime threats and prevent future criminal activity.
In a case that has ties to one of the industry’s largest mortgage scams, Sperry Associates Federal Credit Union received a ruling in its favor over losses the financial institution said it suffered behind the scheme.
Federal court in New Jersey had ruled in favor of credit union in suit over fraud loss coverage.