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Initial Reports Say Coastal CUs OK in Gustav Zone

NEW ORLEANS -- Though scattered damage and power outages have been the norm, credit unions in coastal Louisiana were reporting conditions "not nearly as bad" as expected as hurricane Gustav, now downgraded to a tropical storm, headed for Texas and Oklahoma after a glancing blow to New Orleans.

By Jim Rubenstein | Updated on September 02, 2008

NEW ORLEANS — Though scattered damage and power outages have been the norm, credit unions in coastal Louisiana were reporting conditions “not nearly as bad” as expected as hurricane Gustav, now downgraded to a tropical storm, headed for Texas and Oklahoma after a glancing blow to New Orleans.

Word of conditions in the Houma area, home to nearly half a dozen CUs and their branches, were still sketchy because of downed cell phone circuits, but other areas seemed to have escaped serious problems, CU officials said.

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