Effect of Katrina Hurricane on Union Bank Paraphrasing Assignment Help

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Please select one business and cover the following:

(a) Provide a background of the organization.

(b) How was the organization impacted? What losses did it suffer?

(c) Describe the disaster recovery and business continuity that the business had in place?

(d) What were the lessons learned?

Your paper should be 600-to-750 words, and written in APA Style.

• Paraphrasing of content – Demonstrate that you understand the case by summarizing the case in your own words. Direct quotes should be used minimally.
• Reference Section (A separate page is recommended.) Please cite the source using APA formatting guidelines. Be sure to include at least three (3) reputable sources.

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Effects of Katrina Hurricane on Hope Credit Union Bank
During the biggest hurricane that has ever hit the United States, the most affected
components were the physical properties followed by financial statuses. People were troubled by
their physical states including health and housing followed by their financial issues since the
hurricane also destroyed most financial institutions. Credit Union Bank was one of the affected
financial institutions (Owens, 2006). Before, the hurricane, a new branch was opened in New
Orleans, and it seemed to be performing well. Hope Credit Union was opened with the purpose
of offering affordable and responsible deposit accounts that can help its customers deposit and
save money flexibly.
Hope Credit Union lost its location during the hurricane but continued serving the
evacuees by offering flexible b...


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