CUNA Mutual said Thursday it has received damage reports from about 25 credit unions in seven states and expects that number to rise as power is restored in the affected areas.
CUNA Mutual spokesman Phil Tschudy said most of the claim reports are for minor building damage in the New York City, Long Island and Jersey Shore areas and that they do not include damage from flooding or storm surge, which is insured through FEMA's National Flood Insurance Program.
“Power is, and will continue to be a major problem for many days. However, per our findings and discussion with the NCUA all credit unions are operational. Some branches are closed, but members can transact business via the Web, or at other branch locations of their credit union,” Tschudy said.
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