WASHINGTON-Everyone wanted in on helping credit unions in theareas hardest hit by Hurricane Katrina and other storms thissummer. NCUA activated its emergency response policies, helped getand keep credit unions up and running by various means asnecessary, and sent economic development specialists to the areasto help with recovery. CUNA instituted its R.E.S.C.U. (ReliefEffort and Support for Credit Unions) operation, which helped tocoordinate recovery efforts by credit unions across thenation-including Adopt-a-Credit Union-and avoid duplication. CUNAPresident and CEO Dan Mica even traveled to Louisiana to view thedevastation first hand and the group hired former Utah League ofCredit Unions CEO Scott Earl as its new disaster recovery andpreparedness director. NAFCU added a section to its Web site tohelp credit union people displaced by the hurricanes find otherjobs within the credit union community. NAFCU's October Flashreport attempted to track the direct and indirect impact of thehurricanes. The effects ranged from damaged and destroyed branchesand ATMs to anticipated losses in loans and deposits. The reportalso found that 93% of credit unions contributed to the hurricanerelief efforts.

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