NCUA Urges Credit Unions in the Path of Hurricane Milton to Prepare

Credit unions in the path of Hurricane Milton are advised to take precautions, including measures to protect their staff and secure their operations, as the storm intensifies in the Gulf of Mexico.

Hurricane Milton’s projected path has it making landfall near Tampa, on Florida’s west coast, late Wednesday night.

The NCUA maintains a hurricane and disaster information page on its website as well as on MyCreditUnion.gov. The National Hurricane Center has regular updates on the storm as it approaches landfall, and the Department of Homeland Security has additional information 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 will be ready to assist credit unions with maintaining or restoring operations, if necessary.

The NCUA’s Office of Credit Union Resources and Expansion can provide Urgent Need grants up to $7,500 to low-income credit unions that experience sudden costs to restore operations interrupted by the storm. Urgent need grants cover expenses that are not reimbursable under insurance policies. Credit unions may apply for funds to repair or replace credit union office property, equipment, fixtures, and leasehold improvements. Grant funds may also be used to resume operations, such as reconstructing data or reestablishing network systems. Contact CURE with any questions about the urgent need grants process by email at CUREAPPS@ncua.govor by telephone at 703.518.6610.