TITLE

After Storms, Lessons In Planning

AUTHOR(S)
Birch, Ray
PUB. DATE
May 2011
SOURCE
Credit Union Journal;5/9/2011, Vol. 15 Issue 18, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the disaster recovery plans of credit unions (CUs) in the U.S. after the tornadoes that strikes in southern U.S. It states that the CUs will meet the needs of the members by relaxing loan underwriting policies and prepare for the significant inflow of deposits, who will receive large insurance settlements. Moreover, the CU executives addressed the disaster planning, which indicate that concerns for employees raised when the storm destroyed cellular towers and land lines.
ACCESSION #
60504418

 

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