Navigate Up
Sign In

NCUA’s Urgent Needs Grants Available

​Low-Income Credit Unions in Areas Affected by Recent Tornadoes May Apply

ALEXANDRIA, Va. (May 1, 2014) – The National Credit Union Administration reminds low-income credit unions in areas of the South and Midwest hit by the recent tornadoes the Urgent Needs Initiative provides grants to help restore operations and repair facilities.
Credit unions with a low-income designation can apply through the Urgent Needs Initiative for emergency assistance grants of up to $7,500 to cover expenses related to natural disasters or other unexpected adverse events. The grants provide funds to these credit unions to repair damages or replace equipment in order to restore services to members.
NCUA accepts applications for this emergency assistance year-round, subject to funding availability. Credit unions with the low-income designation may obtain more information about Urgent Needs Grants or apply for a grant online here. They may also contact NCUA’s Office of Small Credit Union Initiatives at
The Urgent Needs Initiative is funded through the Community Development Revolving Loan Fund, which Congress created to support credit unions that serve low-income communities. NCUA’s Office of Small Credit Union Initiatives administers the program.

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 101 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.


National Credit Union Administration

Office of Public & Congressional Affairs



John Fairbanks
Office: 703.518.6336
Mobile: 571.438.0801

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223

Kenzie Snowden
Office: 703.518.6334

"Protecting credit unions and the consumers who own them through effective regulation"