About 20 Louisiana credit unions were forced to close theirbranches and offices Monday after torrential rains caused historicflooding that claimed seven lives and destroyed thousands ofhomes.

The Louisiana Credit Union League reported Monday that creditunions and their staff are suffering as they struggle to get theiroperations back up and running while coping with the devastatingpersonal losses they've experienced.

“A number of branches and the main office have experienced heavyflooding,” Lucy Hyer, vice president of communications and publicrelations for the Louisiana league, said. “The number of employees,volunteers and members that have been affected is unimaginable. Asthe credit unions report damages to their branches, they areinforming us of employee stories and they are simplyheartbreaking.”

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.