NCUA Urges Credit Unions to Prepare for Tropical Storm Dorian

August 2019
NCUA Urges Credit Unions to Prepare for Tropical Storm Dorian

ALEXANDRIA, Va. (Aug. 27, 2019) – The National Credit Union Administration is advising credit unions in the path of Tropical Storm Dorian to take precautions as the storm enters the eastern Caribbean.

“Credit unions in Dorian’s path should to take measures to protect their staff and secure their operations,” NCUA Board Chairman Rodney E. Hood said. “The NCUA will be closely monitoring the storm’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.”

Dorian’s current projected path could take it across Puerto Rico by Wednesday, and the storm could reach Florida by this coming weekend.

The NCUA maintains a hurricane and disaster information page on its website as well as on the consumer information page. The National Hurricane Center 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.

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 of up to $7,500 to low-income credit unions that experience sudden costs to restore operations interrupted by the storm.

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