NEW ORLEANS — Based on early contacts, CUNA Mutual Group Tuesday reported "no major losses" so far from Mississippi and Louisiana CUs as a result of Hurricane Gustav but suggested because of the storm's slow moving path there could be future flood damage to property of policyholders.
"The CUNA Mutual Credit Union protection claims staff is monitoring policyholders in the New Orleans area and those in southern Mississippi, and we are not expecting to see any major wind-related damage," said CMG in a report issued out of Madison.
Because of evacuation orders, dozens of Gulf Coast CUs in Louisiana and Texas remained closed with some reporting minor damage, officials said.
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The $1.6 billion Keesler FCU in Biloxi said only one of its Mississippi branches, the Stennis Space Center facility near the Louisiana line, remained shuttered because of the evacuation.
Keesler said it also its revised disaster preparedness plan including a "incident response team" to deal with hurricanes has worked well and represents "quite a change from what happened to us during Katrina," said a spokeswoman. Because of the Biloxi evacuation, it has seen a slightly reduced staffing level today among its 350 employees.
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