By 8 p.m. Oct. 29, the center of Sandy had blasted into the southern coast of New Jersey. Hurricane-force winds extended up to 175 miles from the center of the storm spreading out 485 miles to far as the Great Lakes region.
To understand what the aftermath of a disaster like Hurricane Sandy can do to a credit union look no further than the $1.8 billion Municipal Credit Union. In the difficult days following the super storm, MCU members became increasingly frustrated and furious, sharply criticizing the New York credit union for...
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...
