LA Fires: League Reports Some CUs Without Power, Employees Evacuate

Only a few California credit unions decided either to continue to close all of their locations or some of their branches on Thursday because of the Los Angeles fires that have burned 2,000 structures, forced more than 180,000 people to evacuate their homes, and claimed the lives of five persons.

The California Credit Union League in Ontario reported that at least nine credit unions have reported power outages and that some of their employees have been evacuated from their homes.

On Wednesday, the $2.1 billion Firefighters Fist Federal Credit Union in Pasadena closed its Los Angeles branch but decided to close its Bedford and Garland branches on Thursday, according to a post on its website.

The $765 million Foothill Federal Credit Union in Arcadia said that it expected to re-open its Arcadia branch on Friday while noting its ATM is available. The credit union also said its Glendora and Covina branches were open for business on Thursday.

The $437 million Gain Credit Union in Burbank closed its San Fernando branch on Thursday, as the $556 million LA Financial decided to keep its Pasadena location closed as well. In addition, the $2.5 billion Partners Federal Credit Union in Burbank kept is Burbank and Glendale branches closed on Thursday and the $9.9 billion Logix Federal Credit Union in Valencia kept its branches in Pasadena, Newbury Park and Simi Tapo closed as well, according to postings on their websites.

As it did on Wednesday, the $2 billion Caltech Employees Federal Credit Union in La Canada, kept all of its locations closed on Thursday, while the $31 billion SchoolsFirst Federal Credit Union also continued to keep some of it branches shut because of power outages.