HIGHTSTOWN, N.J.—The recovery remains slow for many credit unions in this state, but some have restarted operations even as others remain closed.
The $18-million Atlantic Health Employees FCU was closed Monday and Tuesday, but not due to any damage to its office or power outage, explained CEO Susan McNulty, who espoused the benefits of serving a hospital sponsor after a bad storm. "The hospital has backup generators so power to our office, which is onsite at the medical facility, was never interrupted."
Nevertheless, staff were not allowed into the credit union until Wednesday due to the city of Summit, N.J. being closed for two days and open only to emergency personnel.
Along the hard hit coast, Atlantic City Electric Company Employees FCU faced a similar situation, not opening Monday and Tuesday due to a travel ban in the city of Mays Landing. "Our office is fine," said CU employee Nancy Sooy, who noted that demand for credit union business is not great right now. "We serve utility company employees who are all out now helping the area recover. This was a bad storm that, excluding a couple huge snow storms, was the worst I have seen since 1962, when I was a child."
The $8-million West Orange Municipal FCU had a long line of cars outside its doors today, but they were not there to conduct CU business. The cars were waiting to get gas from a station down the street. "It's been pretty messy in the West Orange area, but the credit union office weathered the storm," said CEO Sandra Mullins, who explained the office was closed for a little over two days as staff were finally allowed back into the area Wednesday.
WOFCU operated under generator power until this morning when it returned to the grid. "We have been online with home banking throughout and I have noticed that our online banking activity has increased as power and Internet connectivity is being restored to more areas," noted Mullins. "Staff and members, though, are facing some tough situations."
The $308-million United Teletech Financial FCU in Tinton Falls has been running its main office on a backup generator for two days while its other inland offices were spared any real trouble, said CEO Leo Ardine. "Power is the main issue in the communities, with talk of it coming back in five to seven days more inland, but a timeframe is still undetermined for the seaboard areas. I guess right now, getting gas is a huge concern—finding a station that has gas and then one that has power to pump it. And what if you drive to a gas station and then it has no gas? Where do you go next, if you have the gas to get anywhere?"