The scene in Hoboken, N. J., after Sandy's surged engulfed at least half of this city located on the Hudson River across from lower Manhattan. This intersection is four blocks west of Summit Business Media's offices.

The aftermath is “unthinkable devastation” said New Jersey Gov. Chris Christie when describing the massive destruction left behind by Hurricane Sandy that blasted the East Coast in the  evening of Oct. 29. The monster storm caused massive flooding throughout New Jersey, New York and Connecticut, igniting fires that destroyed dozens of homes in New York, leaving more than 8 million homes and businesses from Maine to Michigan without power and even generating a blizzard dumping one to three feet of snow in parts of West Virginia. 

The unthinkable devastation of this historic super storm was evident on Tuesday morning when the first images of Sandy’s shocking ruins were seen on the news and is bound to dominate the national headlines for weeks to come. But to what extent the storm affected the credit union industry was difficult to assess at press time.

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