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Credit Unions Need to Eye the Storm

Everyone in the area, including credit unions, either got out of town or battened down the hatches, preparing for what New Orleans Mayor Nagin called "the mother of all storms." Nearly 2 million people were evacuated from the area expected to feel the brunt of Gustav's fury.

By Sarah Snell Cooke | Updated on September 09, 2008

Everyone in the area, including credit unions, either got out of town or battened down the hatches, preparing for what New Orleans Mayor Nagin called “the mother of all storms.” Nearly 2 million people were evacuated from the area expected to feel the brunt of Gustav’s fury.

Fortunately, Hurricane Gustav ended up being more of a windbag, though certainly there was damage done and CUs that were not operational. But the federal, state and local governments appeared to have learned their lesson from 2005′s Hurricane Katrina, and so did credit unions.

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