Press

Hurricane Sandy Update from CUANY

The majority of credit unions on Long Island, in the metropolitan New York area and Westchester/Rockland are now operational to a point where members can access much-needed funds. A number of those credit unions are still facing a number of issues including unopened and/or not fully operational branches, many of which are functioning with reduced staff. In addition to persistent power outages in some areas, technology issues, such as no telephone, internet or mobile services continue to impact operations at numerous credit unions. Other credit unions have been able to be open for their members thanks to generator power.

A number of credit unions from across affected areas, including Bethpage FCU, Nassau Educators FCU, Palisades FCU and Polish & Slavic FCU, have announced special programs to assist members with recovery, deferring loan payments, offering hurricane relief loans, emergency lines of credit, and waiving fees on non-sufficient funds and late fees on loan payments.

To call for contributions from across New York’s credit union community, the Association’s President/CEO William J. Mellin has recorded a message that was sent to all NY credit unions, volunteer leaders and employees today ( http://vimeo.com/cuany/review/52942669/8a0fc7e245). A link can also be found on the Association’s homepage, www.cuany.org.

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