ALEXANDRIA, Va.-After a sizeable earthquake rocked central California, NCUA activated its disaster relief policy to assist credit unions and members in California’s San Luis Obispo County. On the morning of Dec. 22, an earthquake measuring 6.5 on the Richter scale struck the region, which led to two fatalities. Over 90 aftershocks have been reported registering 3.0 or higher. The governor of California has declared a state of emergency. In response NCUA examiners and staff are working closely with federal credit unions in the area offering advice and assistance. Under the disaster relief policy, NCUA encourages credit unions to make special term and reduced documentation loans to affected members. The agency also reschedules routine exams for affected credit unions and guarantees lines of credit through the National Credit Union Share Insurance Fund and the Central Liquidity Facility.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.