The NCUA on Friday issued a bulletin to credit unions and theirmembers as Topical Storm Isaac moved toward the Gulf of Mexico and an expectedlandfall sometime Tuesday between New Orleans and Tallahassee,Fla.

“Credit unions operating and people living in the Gulf Coastregion know they need to prepare for serious storms,” said NCUABoard Chairman Debbie Matz. “We're reminding them today to takeprudent precautions and that NCUA continues to protect deposits atfederally insured credit unions during sunny days and after badstorms.”

The NCUA said it stands ready to activate the agency's emergencyresponse plan, if necessary, which includes airing public serviceannouncements that their deposits are insured, and activating itsemergency hotline so members can check the status of their creditunions.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.