CUNA Mutual Group Offers Helpful Information on Flood Protection to Credit Unions
Year after year, we continue to hear about the devastating effects of storms and extreme weather hitting the United States. The flooding these storms bring deeply impact Americans’ homes and finances.
While hurricanes don’t strike in the Northwest, flooding is still an issue that homeowners may face with heavy rains, rapid snowpack melt, and overflowing rivers.
In 2017, the Federal Emergency Management Agency and the National Flood Insurance Program launched their “moonshot” initiative to try and double the amount of people covered by flood insurance in 2023.
According to FEMA, 98 percent of all counties in the U.S. have experienced a flood-causing event, and event just one inch of water in a home can cause more than $25,000 in damages.
CUNA Mutual Group is uniquely situated in the marketplace to help FEMA achieve this goal through its relationship with credit unions and the credit union system, while also achieving its purpose of helping people achieve financial security.
“This is just another example of CUNA Mutual Group’s commitment to credit unions and their members,” Jason Smith, Northwest Credit Union Association Vice President of Strategic Resources, said. “In what other industry does a leading solution provider promote a product they don’t even offer, simply because it’s the right thing to do? We are proud to align with CUNA Mutual Group and trust credit unions will find value in these resources.”
Credit unions can refer their members to a flood resource page with information provided by FEMA, CUNA Mutual Group, and other resources. It includes ready-to-use brochures, newsletter templates, and links to free resources from FEMA and NFIP that makes educating members simple.
By providing this valuable information to members, credit unions are not only strengthening their relationship with them as trusted financial guides, they also are protecting themselves by safeguarding their members’ investment in their homes.