As East Coast braces for hurricane, NAFCU readies CU resources

Credit unions are being advised to take precautions and review NAFCU’s resources if they need as Hurricane Florence – currently a Category 4 storm – makes its way to the Carolinas and Virginia.

NAFCU has prepared specific resources and information for credit unionsaffected by disasters – including a guide for credit unions to support disaster relief.

The NCUA also has resources available on its Hurricane and Disaster Information page. The agency’s Credit Union Resources and Expansion office can provide urgent need grants of up to $7,500 per year to low-income credit unions that experience sudden costs to restore operations interrupted by a disaster.

Among other resources available to credit unions and their communities:


continue reading »