ALEXANDRIA, Va. -NCUA activated its disaster relief policy Sept. 12, following the terrorist attacks to assist credit unions and their members in New York City and Arlington County, Va. NCUA reassured federal credit unions that examiners and staff from the affected regions are in close contact with the affected local federal credit unions to offer advice and assistance. Under the policy, the NCUA will, where necessary: 1. Encourage credit unions to make loans with special terms and reduced documentation to affected members; 2. Reschedule routine examinations of affected credit unions, if necessary; 3. Guarantee lines of credit for credit unions through the National Credit Union Share Insurance Fund; and 4. Make loans to meet the liquidity needs of member credit unions through the Central Liquidity Facility. During disaster conditions, NCUA personnel operate under three priorities: *Ensure the safety of credit union staff; *Keep facilities and operations available to members; and *Provide material and technical assistance, as needed, to affected credit unions. NCUA is working with the New York and Virginia Credit Union Departments and these state credit union leagues to ensure all federally insured credit unions are aware of NCUA’s available assistance.

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