CUs close, employees evacuate as wildfires scorch California again

For the second time in less than two months, at least four wildfires have destroyed homes, buildings, cars, and more than 80,000 acres forcing tens of thousands to evacuate their neighborhoods and communities over the last three days across Los Angeles, Ventura, San Bernardino and Riverside counties in California.

At least six credit unions were forced to temporarily close some of their branches because of the threat from the fires or because of power outages.

Credit unions that closed branches Tuesday and Wednesday were the $473 million CBC Federal Credit Union in Oxnard, Calif., the $2.4 billion Premier America Credit Union in Chatsworth, the $2.8 billion Unify Financial Federal Credit Union in Torrance, the $633 million Water and Power Community Credit Union, the $223 million Popa Federal Credit Union in Cerritos, according to the California Credit Union League.

Late Wednesday, Joe Schroeder, president/CEO of the $835 million Ventura County Credit Union in Ventura, decided to close three branches until further notice because of air quality issues.

 

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