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NCUA re-emphasizes need for quick information distribution in emergency

ALEXANDRIA, Va.-NCUA issued a Letter to Credit Unions (02-CU-11) recently that re-emphasized the need for credit unions to provide the agency with contact information in case of emergency. The type of emergencies specifically noted included the investigation of the September 11 terrorist attacks and emergency response. In an October letter...

By Staff Writer | Updated on July 09, 2002

ALEXANDRIA, Va.-NCUA issued a Letter to Credit Unions (02-CU-11) recently that re-emphasized the need for credit unions to provide the agency with contact information in case of emergency. The type of emergencies specifically noted included the investigation of the September 11 terrorist attacks and emergency response. In an October letter (01-CU-18), NCUA requested credit unions to provide NCUA with either an e-mail address or fax number with a credit union contact person in order to receive the “Control List,” which is maintained by law enforcement. The form for this is attached to the October letter. NCUA is also working with Treasury to assist credit unions in rapid emergency situation response. “The only viable method for doing that is via e-mail,” NCUA wrote. Therefore, credit unions are required to submit one of the following on every Call Report sent in: a) the credit union’s official organizational e-mail address; or, b) the e-mail address of a responsible senior official; or, c) the personal e-mail address of an official or employee if the credit union does not have an organizational e-mail address. The space for this information is included in the Information Systems and Technology portion (page 6) of the 5300. However, this does not absolve the credit union from complying with the previous letter (01-CU-18).

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