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Examiners Survey Soaked CUs

The NCUA took an active approach to shoring up credit unions and consumers affected by Hurricane Sandy, making use of field examiners who placed phone calls and sent emails to their assigned credit unions in attempt to survey the damage.

By Heather Anderson | Updated on November 05, 2012

The NCUA took an active approach to shoring up credit unions and consumers affected by Hurricane Sandy, making use of field examiners who placed phone calls and sent emails to their assigned credit unions in attempt to survey the damage.

The NCUA said on Oct. 30 examiners would ask if credit unions have had to curtail hours, services or locations because of the storm and offered advice, material and technical assistance as needed. The NCUA also worked closely with state regulators and state league organizations so all credit unions knew federal assistance was available, the agency said.

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