ALEXANDRIA, Va. — In recognition of National Hurricane Preparedness Week, NCUA Vice Chairman Rodney Hood met with Congressman Spencer Bachus (R-Ala.) last week on Capitol Hill to discuss the steps NCUA has taken in this regard.

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"NCUA is taking proactive measures to maintain the safety and soundness of the credit union system and protect the financial well being of members in the event of a hurricane, and I appreciate the opportunity to discuss these with ranking member Bachus," Hood stated.

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Among the specific actions discussed during the meeting were NCUA's improvement of contingency processes for information reporting and communication and various updates to examination processes, including a proposed rule and letters to credit unions. In the wake of Hurricane Katrina, NCUA had difficulty contacting some of the hardest hit credit unions for days.

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