For Details, Contact:
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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 WisconsinAlexandria, Va., June 17, 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 Wisconsin. President George W. Bush has declared an emergency exists in the affected Wisconsin counties of Columbia, Crawford, Milwaukee, Sauk, and Vernon and has ordered federal aid to supplement state and local response efforts.
NCUA is working with the Wisconsin state credit union regulator to make certain that all state chartered, federally insured credit unions in the above-referenced counties are aware of NCUA’s available assistance. NCUA regional examiners are closely monitoring the situation in concert with Wisconsin officials 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-
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