After nearly one week since Hurricane Maria raked its way across PuertoRico, credit union organizations on the mainland continue to haveproblems receiving updates from the island. According to an emailconversation sent to CU Times between WOCCU officials andChristopher Morris, director of communications for the NationalCredit Union Foundation, “Communication has been virtuallyimpossible.”

As of now, CUAid is still active for credit unions located onthe U.S. mainland that were impacted by Hurricanes Harvey and Irma,but so far the disaster relief fund has not been activated forcredit unions in Puerto Rico. According to Morris, “Puerto Rico isa unique situation” and discussions about relief work between WOCCUand the National Credit Union Foundation are still ongoing asinformation from the decimated island has been slow to arrive.

An NCUA spokesman said agency officials have heard that of theeight credit unions in Puerto Rico and five in the Virgin Islands,two are 50% operational, three are not operating and the rest havenot been able to report.

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.