Skip to main content

Credit unions across Texas Closed

HOUSTON – Credit unions across Texas and portions of the Gulf Coast this morning are assessing both their own operations and the welfare of their members following Hurricane Harvey’s landfall and severe flooding.
Just Houston alone is home to approximately 118 credit unions, with dozens more in the areas of the state where this morning more than 300,000 people are without electricity. Houston schools will also be closed for the week. San Antonio and Dallas are also homes to numerous credit unions of all sizes.
More than 30 credit unions in Texas will be closed today, according to the Cornerstone CU League.
With forecasters predicting more than 50 inches of rain could hit portions of Texas this week from what is now Tropical Storm Harvey, and relief will be difficult to come by.
Meanwhile, with 10 refineries in the Houston and Corpus Christi areas now closed, gas prices in all parts of the country are expected to rise.
Prior to the storm, NCUA urged precautions be taken, and a number of CUs had already closed branches on Friday. Heading into the weekend, NCUA said it was watching the storm closely and would be ready to assist credit unions with maintaining or restoring operations, if necessary. The agency maintains a hurricane and disaster information page on its website with more material on preparedness and staying safe.
Credit union members with questions may contact the NCUA’s Consumer Assistance Center at 800-755-1030Monday through Friday between 8 a.m. and 5 p.m. Eastern. The NCUA’s Office of Small Credit Union Initiatives can provide urgent needs grants of up to $7,500 to low-income credit unions that experience sudden costs to restore operations interrupted by the storm.
Separately, the Cornerstone Credit Union League, along with the Cornerstone Credit Union Foundation, and CUNA Mutual Group, said in advance of the storm that they had activated their Customer Disaster Response Teams in anticipation of the impact expected by Hurricane Harvey. Financial assistance grants are among the assistance being made available. The organizations said they also stood ready to help coordinate donated equipment and supplies, as well as partner credit unions that could provide temporary office space and/or staffing.
Credit Unions Closed Today
Credit unions that will be closed today, according to the Cornerstone CU League, include AMOCO FCU, Bayer Heritage FCU (Baytown Location), Baylor College of Medicine FCU, Beacon FCU (All branches), Brazos Valley School CU, CTECU Community Resource CU (call center will be open), Cy-Fair FCU, Empowerment Community Development FCU, Energy Capital CU, First Service CU, Houston FCU (Houston-area locations), Houston Fire Fighters FCU, IBEW FCU, 66 FCU, InvesTex CU, MemberSource CU, Members Trust of the Southwest FCU (Houston-area locations), Oak Farms Employees CU, People’s Trust FCU, Port of Houston CU, Premier America CU, Primeway FCU, Resource One CU (Houston-area locations), SPCO CU, Smart Financial CU, Southern FCU, Space City CU, Team Financial FCU, Texas Bay CU, Transtar FCU, USE Credit Union, and Union Fidelity FCU
Smart Financial CU has already said it will be closed on Tuesday.
Among the CUs announcing branch closures over the weekend, according to the Cornerstone Credit Union League: Austin FCU, Beacon FCU, Chocolate Bayou Community FCU, Coastal Community and Teachers CU, Credit Human FCU (Houston office), Energy Capital CU, First Community CU, Greater Texas FCU (Houston offices), Gulf Coast FCU, Houston FCU (Houston area locations)
Houston Highway CU, Houston Metropolitan FCU, JSC FCU, Members First FCU, MemberSource CU, People's Trust FCU, Plus4 CU, Primeway FCU, Sherwin FCU
and Texas Community FCU.
CUTimes 8/28/17

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

Update: First Responder Credit Unions Academy (FRCUA) Udates

In an ongoing effort to keep your FRCUA education current, modules are continually updated to reflect current NCUA and other regulatory agency requirements. As an example, BSA 26 now includes  Artificial Intelligence and BSA,  Elder Financial Exploitation,  Pig Butchering & BSA, and Executive Order –  Free and Fair Banking.
Post a Comment
Read Complete Article HERE>»

Mortgage Rates Tick Down

MCLEAN, Va.--Mortgage rates moved slightly lower this week, with the 30-year fixed-rate mortgage averaging 6.56%, Freddie Mac reported. “Mortgage rates are at a 10-month low,” said Sam Khater, Freddie Mac’s chief economist. “Purchase demand continues to rise on the back of lower rates and solid economic growth. Though many potential homebuyers still face affordability challenges, consistently lower rates may provide them with the impetus to enter the market.” The 30-year FRM averaged 6.56% as of Aug. 28, down from last week when it averaged 6.58%. A year ago at this time, the 30-year FRM averaged 6.35%. The 15-year FRM averaged 5.69%, unchanged from last week. A year ago at this time, the 15-year FRM averaged 5.51%, Freddie Mac said. ____________________________________________ Check out NCOFCU's additional features: First Responder Credit Union Academy Podcasts YouTube Mini's Blog Job Board
Post a Comment
Read Complete Article HERE>»

SIGN UP FOR YOUR CUSTOM HEALTH INSURANCE SOLUTION TODAY

 https://bizu65.allstatehealth.com/?password=demo ____________________________________________ Check out NCOFCU's additional features: First Responder Credit Union Academy Podcasts YouTube Mini's Blog Job Board
Post a Comment
Read Complete Article HERE>»

Wendelville Fire Chief Andrew Pilecki re-elected to FASNY board

Andrew Pilecki, the current fire chief of Wendelville Volunteer Fire Company, has been re-elected to the board of directors of the Firefighters Association of the State of New York. Pilecki has been a member of the fire service for more than four decades, including the past 22 years as a responder with the Wendelville company. Previously he was an active member of Columbia Hook and Ladder Co. He’s also a former assistant director of emergency management for the City of North Tonawanda. FASNY directors serve five-year terms of office. During his first term, Pilecki was instrumental in supporting the association’s pandemic response, championed fire company recruitment and retention efforts, and worked to amplify the needs of Western New York’s volunteer fire service at the state level, according to FASNY. “I’m honored to be re-elected and to continue advocating for the men and women who volunteer their time, risk their safety and serve their communities across the state,” Pilecki said. “...
Post a Comment
Read Complete Article HERE>»

Many CUs Likely to Face New Operating Challenges "Michael Moebs"

04/08/2024 09:04 pm By Ray Birch LAKE FOREST, Ill.—The trend lines don’t lie: Financial institutions charging high overdraft fees will likely face operating challenges in the near future and may even be forced to merge if they don’t follow the market trend of lowering their OD charge. Michael Moebs, economist and chairman of Moebs $ervices, is offering that forecast following his company’s new overdraft study, which has found overall net OD revenue for 2023 was down 5.7%, with banks dipping by 8.1% to $31.4 billion, thrifts falling by 28.6%. and credit unions actually increasing net revenue 2.2%. The study further reveals the m...
Post a Comment
Read Complete Article HERE>»