ALEXANDRIA, Va. — NCUA announced today that it has put its disaster relief policy into effect to help credit unions and their members impacted by the California wildfires.

Under its disaster assistance policy, NCUA encourages credit unions to make loans with special terms and reduced documentation to affected members, reschedules routine examinations for affected credit unions as needed, guarantees lines of credit for credit unions through the NCUSIF, and makes loans for liquidity through the Central Liquidity Facility.

NCUA works in partnership with state leagues and regulators to ensure all federally insured credit unions are aware of the assistance available from NCUA. Region V examiners are in close contact with the affected local credit unions to offer advice and assistance.

Priority in disaster conditions are to ensure the safety of credit union staff and operational conditions of credit unions, provide material and technical assistance, and restore normal operating conditions as quickly as possible.

The agency reminded that all federally insured California credit unions are backed by the full faith and credit of the U.S. government to at least $100,000 per account.