DES MOINES, Iowa — Iowa credit unions, reeling from recordflooding in half a dozen cities, were starting to count theirlosses Monday with some preparing to resume a modicum of normaloperations as early as tomorrow or Wednesday.

|

Underlying a co-operative spirit taking hold, CUs across thestate were assisting their brethren with call center hookups, backup equipment and lending office space to CUs forced to closeoffices last week as rushing river waters swamped facilities.

|

“We're glad we could offer our help to three other Des Moinescredit unions and I think at least one plans to reopen tomorrow,”said Kent Strawn, president of the $50 million First Class CU whichinvited Des Moines Metro CU, Des Moines Police Officers and USDA CUto set up offices in First Class with 10 employees moving in lastweek.

|

Meanwhile, the $649 million University of Iowa Community CU inIowa City said its lone branch in the student union building on theflooded campus would remain closed indefinitely as the CU preparedto start offering loan payment deferrals and waivers to assistimpacted members.

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

  • 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.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.