After Record Rainfall and 35-Foot Waves, Fibre Federal Extends Hand to Flood Victims
December 15, 2015
December 14, 2015
Thunderstorms, heavy rains, and 35-foot waves pummeled the Northwest last week. Floods and landslides took out roads, businesses, and homes in Northwest Oregon and Southwest Washington.
In response, Fibre Federal Credit Union is offering emergency loans for those affected by the flooding. The rate being offered is well below the credit union’s normal loan rates and is for qualifying expenses involving home or property damage repair, insurance deductibles, recovery of personal property, medical or emergency equipment, and tree removal.
“We wanted to somehow help our friends and neighbors in the affected communities,” said Fibre Federal’s President and CEO, Larry Hoff. “Times like these can be very stressful, and we’re more than honored to do it.”
Rains, Waves, and a Tornado
The region received nearly three inches of rain in one day—a daily record, with some areas expecting a total of seven inches before the storms subsided. On the coast, waves as high as 35 feet compounded the heavy rainfall and exacerbated flooding.
Battle Ground, Washington even suffered a rare tornado. An EF-1 tornado touched down twice, damaging dozens of homes and two businesses.
Two people are known to have died as a result of the storms. Oregon Governor Kate Brown declared a state of emergency in 12 counties, as flooding and landslides blocked roads and services.
Credit Unions Respond
Credit unions like Fibre Federal are rooted in their communities and respond swiftly and generously to disasters like last week’s flooding.
As not-for-profit cooperatives, credit unions do not generate profits for wealthy investors. Instead they exist solely to serve their members. This fuels their mission of community service.
Questions about this story? Contact James Pearson: 206.340.4790, firstname.lastname@example.org.
Posted in Federal.