NCUA monitoring conditions in earthquake-torn Puerto Rico for impacts on 7 credit unions there

The federal regulator of credit unions is “closely monitoring” the aftermath of the recent earthquakes in Puerto Rico and will be ready, if needed, to provide operational assistance to the seven federally insured credit unions there, agency board Chairman Rodney Hood said Friday.

The National Credit Union Administration’s (NCUA) online database lists the following federally chartered, federally insured credit unions in Puerto Rico: VAPR Federal Credit Union (FCU), Universal Coop FCU, Puerto Rico Employee Groups FCU, Puerto Rico FCU, Glamour FCU, Caribe FCU, and Borinquen Community FCU.

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

To the extent possible, credit union members are encouraged to contact their institutions for updates on operating status and member services, the agency said. Members also may contact the NCUA’s Consumer Assistance Center at 800-755-1030 Monday through Friday between 8 a.m. and 5 p.m. Eastern.

NCUA Offers Information, Assistance to Credit Unions Affected by Puerto Rico Earthquakes