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.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.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.