NCUA: 118 Credit Unions Affected by Sandy

NCUA on Friday released a list of 118 federally insured credit unions affected by Hurricane Sandy and said it will update the list and status of the institutions as new information comes in.

The list includes credit union branch offices that are temporarily closed by the storm or are non-operational.

NCUA says it has been monitoring the status of more than 2,000 credit unions in the path of the storm. Field staff was attempting to contact all credit unions in the states affected. The list released Friday included credit unions from seven states: Maryland, New Jersey, New York, Pennsylvania, Virginia and West Virginia. Most are in New Jersey.

Institutions that are operating partially are experiencing branch closures or are working in temporary facilities or with only ATM services. Affected credit unions are working to quickly restore normal operations, the agency said.

“After major natural disasters, Americans come together and help each other,” NCUA Board Chairman Debbie Matz said. She said examiners are working to provide assistance, consumer experts are answering credit union members’ questions; and NCUA is expediting consideration of credit union emergency grant applications.

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