Credit unions urged to take precautionary steps in face of oncoming Hurricane Barry

Steps to protect staff, and security of operations, are being advised for credit unions in the path of Tropical Storm Barry as it heads toward the Gulf Coast states, the National Credit Union Administration (NCUA) said Friday.

In a statement, NCUA Board Chairman Rodney Hood said the agency would closely monitor the storm’s progress. “We will be ready to assist credit unions with maintaining or restoring operations, if necessary,” Hood stated.

NCUA said 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. ET.

In addition, NCUA said its Office of Credit Union Resources and Expansion provides urgent needs grants of up to $7,500 to low-income credit unions that experience sudden costs to restore operations interrupted by the storm.

NCUA Urges Credit Unions to Prepare for Tropical Storm Barry