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AACUC Helps Claver FCU Rise from Katrina Ashes

It's been a year of overwhelming flux for Ronnie McCabe, president/CEO of Claver Federal Credit Union.

By Michelle A. Samaad | Updated on August 22, 2006

SEATTLE — It’s been a year of overwhelming flux for Ronnie McCabe, president/CEO of Claver Federal Credit Union.

The $3 million CU was one of many CUs in New Orleans that sustained major damage to its facility and the displacement of many of its more than 1,800 members. McCabe shared her experience with attendees during a Saturday session at the African-American CU Coalition’s annual meeting here. Most of Claver’s members relocated to other states while the CU’s one branch was damaged beyond repair. Help soon came from the AACUC, working closely with the Louisiana CU League and the National Federation of Community Development CUs. Through grants, Claver was able to get new equipment and $5.7 million Barber & Cosmetologists CU in Metairie, La., has provided free office space for nearly a year. Frank Brown, from NASA FCU, assisted with locating members and other efforts.

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