Natural disasters

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

As the Federal Housing Administration prepares to release its annual actuarial report this month, the industry is questioning how the reverse mortgage program fits into the agency's future.

The agency says lenders lacked the risk appetite, while bankers point to concerns over turnaround times and strict loan terms.

Brett Martinez, president and CEO of Redwood Credit Union, will be honored for his efforts in supporting survivors of California's wildfires in 2017.

Credit unions based on the island made history receiving CDFI grants for the first time ever, but larger issues tied to population decline remain.

Donations to CUAid will go toward assisting credit union employees and volunteers impacted by the storm.

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

The San Juan company has largely recovered from the hurricane that hit a year ago, and it has made extensive preparations for future natural disasters. Yet its home market is still suffering from debt and net outmigration of residents.