Credit unions from the Mid-Atlantic north should be prepared forHurricane Sandy, according to the NCUA.
|“Credit unions and their members living in the path of HurricaneSandy need to take safety precautions and prepare for this veryserious storm,” NCUA Board Chairman Debbie Matz said Fridayafternoon in a statement.
- SANDY NEWS Oct. 26, 2012 NCUA Issues Warning, PledgesHelp
- SANDY NEWS Oct. 26, 2012 CUNA Mutual, Leagues Brace forStorm
- SANDY NEWS Oct. 26, 2012NC, RI, NY Leagues Warily EyeSandy
“We know that an ounce of prevention now will help to preventproblems later,” Matz said. “NCUA stands ready to do what is neededto help credit unions affected by the storm.”
|The agency said it is closely monitoring the hurricane'sprogress and is reminding members that deposits at federallyinsured credit unions are insured up to $250,000.
|“NCUA is ready to activate the agency's emergency response plan,if necessary,” the agency said. “NCUA will take steps to assistcredit unions in maintaining normal operations or, in the event ofa disruption, to restore those services as quickly aspossible.”
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