Disaster planning

Citigroup and Morgan Stanley told employees not to travel internationally for nonessential business, expanding earlier restrictions in Wall Street's latest responses to the spread of the coronavirus.

Given the possibility of a nationwide outbreak, the time is now for credit unions to take steps to protect themselves and their members.

From power outages to branch closures and even homeless kangaroos, rampant wildfires have presented credit unions in Australia with challenges they've rarely seen before.

Brett Martinez, president and CEO of a Redwood Credit Union, has become an expert in disaster preparedness after wildfires ravaged the California communities he serves. Those efforts have earned him an Anchor Award.

The lawmakers want U.S. banking agencies to join their international peers in ensuring the financial system is resilient to climate-related risks.

Sierra Central Credit Union has launched emergency relief programs for staff and members impacted by the Northern California wildfires as the CU's Paradise, Calif. branch unexpectedly survived.

Assessments of damage to branches and customers' homes have been elusive.

During a recent panel discussion, two CEOs shared their own experiences as their branches were overcome by smoke from wildfires raging across Northern California

The League of Southeastern Credit Unions & Affiliates has distributed more than $70,000 to help rebuild after the storm ravaged the Florida Panhandle.

The storm could impact as many as 57,000 homes and cause more than $13 billion in damages, according to one estimate.