FORT COLLINS, Colo. — Last Thursday's devastating tornado andhail storm which hit the nearby community of Windsor had two creditunion victims: Robert Hoel, the retired head of the Filene ResearchInstitute, who lost his car and an old Norlarco Credit Unionbranch, now part of Public Service CU, which was reopened forbusiness today after it lost power and had facility damage.

“My wife and I were in a restaurant at the time the tornado hitand we could see the wrecked cars in the parking lot but we did notknow it was a tornado destroying homes a mile away,” said Hoel, aFilene Fellow who has been serving as a director of Public ServiceCU since March following the NCUA-engineered purchase ofNorlarco.

Property damage in Windsor, a community of 15,000 where Hoelmaintains a home, is expected to reach $250 million with the PublicService CU of Denver in the midst of extending emergency loanassistance and deferrals to residents and businesses. More than 100Windsor homes have been declared uninhabitable, said Hoel, adding:my car was totaled by what looks like 150 hail dents.”

Less than 100 yards from Public Service branch in Windsor therewas “severe damage to cars and other buildings,” said Hoel.Windsor, both a farming and suburban community, is 10 miles fromFort Collins, the home of Colorado State University where Hoel hasbeen a member of the finance faculty.