X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PENSACOLA, Fla. – Sometimes relief from the effects of Hurricane Katrina could only have been delivered at the point of a gun. As soon as it became clear that Hurricane Katrina represented an historic storm with catastrophic damage, the leadership and staff at the $734 million Pen Air Federal Credit Union put collection boxes in all the credit union’s branches and started a relief fund. By September 2, the day before the Labor Day Weekend, the credit union had collected thousands of dollars and gotten in contact with the Biloxi based $1 billion Keesler FCU. On September 2 with an armed escort, Pen Air executives left for Biloxi carrying the money they had collected for Keesler. Later, Keesler staff arrived at Pen Air’s headquarters to use the credit union’s offices and facilities to start serving its members through a special loan call center. Pen Air’s experience during Hurricane Ivan and its aftermath last year had a direct impact on the credit union’s reaction in the wake of Katrina. “We are happy to lend assistance to a fellow credit union that will also help many other people. It wasn’t long ago, when Pen Air needed assistance after a major storm. We appreciated the help, and we know Keesler does too,” explained Pen Air CEO John Davis.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.