Of the 2,000 credit unions located in the path of Hurricane Sandy, 838 were unable to operate, in varying degrees, during the difficult days following the super storm, according to the NCUA. And it took nearly a full week before most of those credit unions were be back in business to serve their members.
"The impact on credit unions is widespread, but [it was] not as dramatic as it could have been," said Mike Retelle, claims manager at CUNA Mutual Group.
The biggest problem most credit unions faced was simple. No power.
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