NCUA is working with federally insured credit unions affected by the recent severe storms and flooding in Vermont to help protect consumers and ensure continuity of services.

The NCUA is closely monitoring the situation to determine the operating status of credit unions in the flooded areas. Credit union members in these areas should contact their credit unions or check their websites for the latest information.

During natural disasters, NCUA works with state regulators and state league organizations to ensure federally insured credit unions are aware of and can utilize NCUA’s assistance. Under the agency’s disaster relief policy, the NCUA will, when necessary:

• Encourage credit unions to make prudent loans with special terms and reduced documentation to affected members;
• Reschedule routine examinations of affected credit unions;
• Guarantee lines of credit for credit unions through the Share Insurance Fund; and
• Make loans to meet the liquidity needs of member credit unions through the Central Liquidity Facility.

Low-income-designated credit unions affected by flooding can apply for up to $7,500 in Urgent Needs grant assistance to repair damage or restore services to members. Information about Urgent Needs Grants is available online.

Any credit union needing NCUA assistance should contact its primary supervisory examiner.