CU CEO Flies Emergency Cash Supplies ToHurricane Victims

Register now

BATON ROUGE, La. - (09/07/05) -- With hundreds of thousands ofrefugees from Hurricane Katrina flooding into the Baton Rouge areaand deliveries from the Federal Reserve halted, Louisiana Dow FCUwas quick to run out of cash last week. So Edward Speed, presidentof Texas Dow FCU, in Lake Jackson, Texas, collected $600,000 incash from his credit union's branches and loaded it onto hisprivate airplane, then made the two-hour flight to Baton Rouge foran emergency delivery of the much-needed cash. The special deliveryenabled Louisiana Dow FCU to remain open through the long holidayweekend and provide members and area residents with the means tobuy food, clothing, medicine, gas and shelter.

For reprint and licensing requests for this article, click here.