Share Deposits Remain Protected up to $250,000; Agency Works to Ensure Access to Needed Financial Services for Credit Union Members
ALEXANDRIA, Va. (Sept. 14, 2013) – In the wake of the flooding in Colorado, the National Credit Union Administration has activated its disaster relief policy to help protect consumers and ensure the continuity of credit union services in affected areas.Share deposits at federally insured credit unions remain protected up to $250,000 by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund is backed by the full faith and credit of the U.S. Government.
As part of the response to the flooding, NCUA examiners are surveying credit unions operating in affected areas. Some credit unions and branches in locations affected by the flooding may have curtailed hours or services. Credit union members in these areas should contact their credit unions or check their websites for the latest information.
Read the Full Press Release from NCUA