Florida credit unions prep for ‘nuclear’ Hurricane Irma

Hurricane Matthew

Credit union CEOs are heeding the dire warnings of Florida officials who have emphatically described Irma as a “nuclear” hurricane that is expected to bring life-threatening winds, storm surges and torrential rains to south Florida early Sunday morning.

The three credit unions in Key West, Monroe County Teachers FCU, Keys FCU and Southernmost FCU, closed their shops on Wednesday while at least a dozen more cooperatives are closing branches, drive-thrus and offices early today or Friday.

A few credit unions have already announced that they do not expect to reopen until Tuesday, September 12. But credit unions may be forced to keep their doors closed for longer if Hurricane Irma’s wrath is as bad as weather officials say that it can be.  Nonetheless, many credit unions are expected to continue member services through online and mobile channels, ATMs and shared branches.


continue reading »

More News