Louisiana credit unions remained closed and hunkered downWednesday waiting for Hurricane Isaac to pass through and damageand power outage reports to come in, according to the LouisianaCredit Union League.

Any assessment of damage to credit union and member propertywould have to come in the morning, as torrential rains showed nosigns of letting up late Wednesday, said Connie Major, executivevice president of the league.

“Credit union employees and their families across the state aresimply sheltered in place riding this one out,” Major said from herBaton Rouge home “where the lights are still on.”

If there had been major catastrophes as in Katrina in 2005, “weprobably would have heard by now,” she said. “Credit unions wouldbe letting us know.”

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.