The NCUA is prepared to assist some 178 federally insured credit unions in areas of Texas and Louisiana affected by Hurricane Harvey, agency officials said Monday.
"We have been monitoring the situation constantly since last week, and NCUA staff are coordinating with other agencies and working continually to provide assistance to credit unions and their members," NCUA Board Chairman J. Mark McWatters said. "This has been a devastating storm affecting millions of people, and the effects will be felt for months or even years. The NCUA will be on the job as long as necessary."
"All of us were stunned by the power of this storm and moved by the suffering inflicted on the people in its path," NCUA Board Member Rick Metsger said. "As the area works to recover, our agency will work to help credit unions and their members get back on their feet."
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