MADISON, Wis.-CUNA Mutual Group is reporting that 66 CUs in nine states were damaged by Hurricane Sandy, and Media Relations Manager Phil Tschudy said that while a few more damage reports may trickle in, they are likely to be of a minor nature.
No CUs have reported significant structural damage such as losing a roof, though Tschudy said that some CUs did face flooding issues. CUNA Mutual was not able to comment on any damage caused by flooding or storm surge, because that is covered by FEMA's National Flood Insurance Program.
Tschudy said that CUNA Mutual does not yet have an estimated dollar amount for total damages to CUs and did not know when those figures would be ready.
Rather than advising CUs on ways to revamp their practices post-Sandy, Tschudy said CUNA Mutual is continuing to advocate for disaster preparedness.
"A disaster can occur anytime, and doesn't have to take the form of a hurricane or a tornado-losing a CEO could be termed a disaster for some credit unions," he said. "We have information available and are always advocating that credit unions have a disaster plan, and that they practice that plan and don't just do the plan and put it on a shelf and forget about it."