Hurricane Isaac: NCUA Offers Protection With Disaster Relief Policy
Considering the current state of consumers affected by Hurricane Isaac, the National Credit Union Administration (NCUA) is preparing with quick alterations on policies, activating the Disaster Relief Policy. The NCUA is lending a helping hand to its members by reminding them that their deposits will remain fully insured and protected by the National Credit Union Share Insurance Fund (NCUSIF) by up to $250,000. During this time, the NCUA urges credit unions in affected communities to extend terms of loan repayment and guarantee lines of credit amongst other efforts. Credit unions in surrounding unaffected communities have been informed that they may contribute to these urgent efforts by allowing disaster members to access ATM networks and even provide financial services for non-members.
In times of great disaster, the NCUA and its insured credit unions prove their commitment to community interaction and involvement. They support members and non-members alike in hopes of promoting unity with its ultimate philosophy: People helping people.
To become a member of a committed federal credit union, contact the dedicated staff of Valley Federal Credit Union at its Brownsville branch (956) 546-3108 or the Harlingen branch at (956) 425-5668.