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Closed Iowa CUs Drops to Nine as Cleanup Begins

DES MOINES, Iowa -- Conditions were improving for Iowa credit unions Tuesday as the cleanup process begins with eight still having closed branches and only one, Metco of Cedar Rapids, having to relocate operations to another CU, according to the Iowa superintendent of credit unions.

By Jim Rubenstein | Updated on June 17, 2008

DES MOINES, Iowa — Conditions were improving for Iowa credit unions Tuesday as the cleanup process begins with eight still having closed branches and only one, Metco of Cedar Rapids, having to relocate operations to another CU, according to the Iowa superintendent of credit unions.

“As long as the sun stays out, we’re in good shape,” said Rebecca Behrens, executive officer, noting that most of the closings are due to power outages or the inability of personnel to get into areas blocked off by law enforcement.

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