NCUA official seal NCUA official seal. (Source: NCUA)

An analysis published Wednesday by the NCUA’s Office of the Chief Economist (OCE) compared Call Report data with FEMA’s National Risk Index (NRI) to measure the vulnerability of the credit union system to 18 natural threats. The report suggests roughly 25% of federally insured credit unions “are located in communities classified as having relatively high or very high risk of experiencing negative effects due to natural hazards.”

The report, titled “Estimating Credit Union Exposure to Climate-Related Physical Risks,” added that Minority Depository Institutions (MDIs) face a substantially higher risk than other credit unions.

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Michael Ogden

Editor-in-Chief for CU Times.

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