Credit unions in the path of Hurricane Maria, currently a Category 5 storm, are being advised to take precautions as it approaches the Virgin Islands and Puerto Rico, NCUA said Tuesday. Hurricane Maria is being called “extremely dangerous” by the National Hurricane Center.
The storm currently has sustained winds of up to 160 miles per hour. It is expected to strike the Virgin Islands Tuesday and Puerto Rico by Wednesday.
The NCUA is watching Hurricane Maria closely, and the agency will monitor the conditions of credit unions in the storm’s path. The agency will be ready to assist credit unions with maintaining or restoring operations, if necessary.
The agency maintains a hurricane and disaster information page with more material on preparedness and staying safe.
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).
NCUA’s Office of Small Credit Union Initiatives 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.