So far, credit unions in the path of the former Hurricane Isaachave sustained minor damages, according to CUNA Mutual Group.

As of 4 p.m. Thursday, seven credit unions reported minor lossesincluding damages to the interior, roofing, siding, windows andsigns, CUNA Mutual said.

One credit union sustained major flood loss to one of itsbranches, the insurer said.

“With the exception of the flood loss, and based on reportswe've received so far, it appears Isaac caused few and minor lossesfor our credit union policyholders,” said Phil Tschudy, mediarelations manager for CUNA Mutual.

Isaac became a Category 1 hurricane earlier this week but hassince been downgraded to a tropical storm. It is expected tocontinue to cause flash flooding and isolated tornadoes in Arkansasand Missouri.

Tschudy said CUNA Mutual remains most concerned with New Orleansand the surrounding area.

“Although many credit unions in the New Orleans area remainclosed, we have contacted most and are making onsite visits tothose we cannot reach,” Tschudy said.

Damages as a result of Isaac could range between $700 millionand $1.2 billion, according to several insurance industryestimates.

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