Markets Wired

ALEXANDRIA, Va. (July 12, 2019) – Credit unions in the path of Tropical Storm Barry are advised to take precautions as it approaches the Gulf Coast, the National Credit Union Administration said today.

“We are urging credit unions in the path of the storm to take steps to protect their staff and secure their operations,” NCUA Board Chairman Rodney E. Hood said. “The NCUA will be closely monitoring Barry’s progress, and we will be ready to assist credit unions with maintaining or restoring operations, if necessary. Credit unions and members can find information on staying safe from several online resources, and we encourage everyone to be alert for official announcements and media reports as the storm draws near.”

The NCUA maintains a hurricane and disaster information page on its website as well as on the MyCreditUnion.gov (opens new window) consumer information page. The National Hurricane Center (opens new window) has regular updates on the storm as it approaches landfall, and the Department of Homeland Security has an information page on being prepared for hurricanes (opens new window).

Credit union members with questions may contact the NCUA’s Consumer Assistance Center at 800.755.1030 Monday through Friday between 8 a.m. and 5 p.m. Eastern. The NCUA’s Office of Credit Union Resources and Expansion can provide urgent needs grants (opens new window) of up to $7,500 to low-income credit unions that experience sudden costs to restore operations interrupted by the storm.