ALEXANDRIA, Va. – NCUA said this morning it is making emergency grants up to $7,500 available as part of its Urgent Needs Initiative to low-income credit unions damaged by Hurricane Sandy to help them restore operations and fix facilities.
Through the Urgent Needs Initiative, low-income credit unions may apply for emergency assistance grants to cover expenses related to natural disasters and other unexpected adverse events. The grants provide funds to repair damages or replace equipment in order to restore services to members.
NCUA accepts applications for the emergency assistance grants year-round, subject to the availability of funding. Credit unions may apply for the grants at http://www.ncua.gov/Resources/CUs/Dev/Pages/Loans.aspx.