For Details, Contact:
|
National Credit Union
Administration 1775 Duke Street Alexandria, VA 22314-3428 Phone: (703) 518-6330 Web Address: http://www.ncua.gov/ |
FOR IMMEDIATE RELEASE |
NCUA Activates Disaster Assistance in Response to Storms and Flooding in Indiana and IowaAlexandria, Va., June 13, 2008 -- The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the storms, flooding, and tornadoes in Indiana and Iowa. President George W. Bush has declared an emergency exists in Indiana and Iowa and has ordered federal aid to supplement state and local response efforts.
NCUA works with individual state league organizations and state regulators to ensure all federally insured credit unions are aware of NCUA’s available assistance. Region III and Region IV examiners are closely monitoring the situation and will provide assistance as requested or needed. During disaster conditions, NCUA personnel operate under three priorities:
Member accounts in all federally insured credit unions affected by the storms are insured by the National Credit Union Share Insurance Fund, a federal fund backed by the full faith and credit of the U.S. government. -NCUA-
|