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NCUA/LSCU hurricane recovery webinar beneficial for all credit unions

Impacted credit unions to share lessons learned from recent storms

TALLAHASSEE, FL (November 15, 2018) — The National Credit Union Administration and the League of Southeastern Credit Unions & Affiliates will host a Hurricane Recovery Webinar on Monday, Nov. 26 at 2 p.m. ET. This event is not just for credit unions impacted by Hurricane Michael but will include valuable information for all credit unions regarding what examiners look for in relation to loan loss, repossession of collateral, and disaster recovery in the months following a major event.

Participants will learn of financial trends experienced by credit unions in the aftermath of Hurricanes Maria, Harvey, and Katrina. These trends include economic impact relating to closed businesses, member job loss, relocation due to damage, and more.

Impacted credit unions from previous major storms will share best practices and lessons learned regarding business resumption and continuity. NCUA will describe what impacted credit unions can expect the organization to review related to storm recovery during future contacts. There is no charge for this event.

“We anticipate this session to be a valuable tool for credit unions of all asset sizes and in all areas,” shared LSCU & Affiliates President/CEO Patrick La Pine.  “Unfortunately, disaster planning is not a one and done effort and we should take every opportunity to learn from each other after these difficult events.  Again, this is another function of the cooperative business model that makes up credit union DNA.”

Visit the LSCU Events Calendar for more information and register here.


About League of Southeastern Credit Unions & Affiliates (LSCU)

The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications. For more information, visit www.lscu.coop. Follow LSCU on FacebookLinkedIn, and X.

Contacts

Mike Miller
Communications Manager
850-558-1176
mike.miller@lscu.coop

 

 

 

 

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