WASHINGTON-Everyone wanted in on helping credit unions in the areas hardest hit by Hurricane Katrina and other storms this summer. NCUA activated its emergency response policies, helped get and keep credit unions up and running by various means as necessary, and sent economic development specialists to the areas to help with recovery. CUNA instituted its R.E.S.C.U. (Relief Effort and Support for Credit Unions) operation, which helped to coordinate recovery efforts by credit unions across the nation-including Adopt-a-Credit Union-and avoid duplication. CUNA President and CEO Dan Mica even traveled to Louisiana to view the devastation first hand and the group hired former Utah League of Credit Unions CEO Scott Earl as its new disaster recovery and preparedness director. NAFCU added a section to its Web site to help credit union people displaced by the hurricanes find other jobs within the credit union community. NAFCU’s October Flash report attempted to track the direct and indirect impact of the hurricanes. The effects ranged from damaged and destroyed branches and ATMs to anticipated losses in loans and deposits. The report also found that 93% of credit unions contributed to the hurricane relief efforts.

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