For the third week in a row, Northeast credit unions were doing the disaster drill, coping with flooded property, providing special loan deals to stricken members, aiding their own employees and assessing potential mortgage losses on portfolios..
Across at least five states–Pennsylvania, New Jersey, Vermont, Massachusetts and New Hampshire–CUs and their trade groups were again on the frontlines of fundraising to assist the Red Cross, the Salvation Army, Foodbank and other charities with donations.
One Pennsylvania CU in a hard-hit flood zone, the $130 million M-C FCU of Danville, Pa. received favorable media coverage and an outpouring of donations after it ran a radio spot airing in support of local relief efforts.
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