OKLAHOMA CITY—Credit unions across the Great Plains are largely reporting business as usual in the wake of a massive storm packing more than 50 tornadoes, but the worst may not be over yet.
The state of Oklahoma has already declared a state of emergency in a dozen counties, and there is still a risk of more life- and property-threatening storms, said Gov. Mary Fallin in a statement.
The Moore Credit Union Service Center, which is located at the at 828 N.W. 12th Street, in Moore, Oklahoma, opened Thursday morning after closing early the prior day due to massive tornadoes that hit Oklahoma and much of the Plains states. A woman who answered the phone at the Service Center said the facility closed down at 4:30 pm on Wednesday as a safety precaution.
Tinker Federal Credit Union, a $3.4-billion institution based in Oklahoma City, is among the CUs affiliated with the Moore Center and said the center has temporarily revised its operating guidelines to increase the daily cash withdrawal limit, the check cashing limit for insurance checks and expediting the deposit of insurance checks. The center is also waiving check cashing fees.
The city of Moore, located about 10 miles south of Oklahoma City, is no stranger to the havoc tornadoes can wreak. Just two years ago, the city was practically leveled by a massive tornado that killed 24 people and caused $2 billion in property damage. That storm destroyed a branch of Tinker FCU -- during that incident, fourteen staff members and eight customers hid out inside the vault while the tornado hammered the city.
Meanwhile, Jon K. Gorman, senior vice president of communications & outreach at the Cornerstone Credit Union League, which represents about 600 credit unions across Texas, Oklahoma, and Arkansas, told Credit Union Journal that he hasn't learned of any credit unions yet affected by the tornadoes, but that they are "monitoring the situation."
Gorman added that staff at both the league's foundation league staff based out of Oklahoma City "are in touch with credit unions to determine if there was any specific impact to either a credit union or a credit union staff member. As of now, we have not heard of anything."
Amy Shaw, director of league initiatives at the Omaha-based Nebraska Credit Union League, which represents 65 credit unions in the state, told Credit Union Journal that "no Nebraska credit unions have been affected" by the tornado.