Disaster Relief Available for Colorado Credit Unions
NCUA has activated its disaster relief policy for Colorado credit unions that have been affected by flooding, enabling them to 1) make prudent emergency loans with special terms and reduced documentation; 2) reschedule routine examinations; and 3) obtain NCUA guaranteed lines of credit from the share insurance fund. CUs may also assist affected credit unions in a variety of ways, such as providing access to ATM networks or by offering check cashing services. [9/16]
