All Hurricane Katrina Affected
Credit Unions Operational
September 16, 2005, Alexandria, Va. – The 139 federally insured credit unions with assets totaling $3.4 billion that were temporarily closed due to Hurricane Katrina are all now reporting operational status in Louisiana, Mississippi and Alabama. Even though some credit unions may be operating from back-up sites, members should have access to their funds.
“The NCUA examiner team worked expeditiously to ensure members have access to their credit union,” said NCUA Chairman JoAnn Johnson. “Considering the circumstances, I am extremely pleased with the diligence of everyone, including the credit union officials, leagues, and the NCUA staff, in working together to restore 100% of the credit unions affected by Hurricane Katrina.”
NCUA’s daily emergency toll-free hotline for Katrina victims will also be available this weekend. The hotline number is 1-800-827-6282, and the agency e-mail addresses by state are:
Alabama: KatrinaAL@ncua.gov
Louisiana: KatrinaLA@ncua.gov
Mississippi: KatrinaMS@ncua.gov
NCUA is the independent federal agency that charters and supervises federal credit unions. NCUA, operates the National Credit Union Share Insurance Fund (NCUSIF), the Federal Fund insuring the savings of over 84 million account holders in all federal credit unions and many state-chartered credit unions throughout the U.S. and its territories. The NCUSIF is backed by the full faith and credit of the U.S. Government.
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