As wildfires continue in the Greater Los Angeles area, the NCUA is monitoring the situation closely and has resources available to help affected credit unions. The agency reminds credit unions to keep in contact, if possible, with local authorities.

NCUA examiners have been working to stay in contact with credit unions in the Greater Los Angeles area and offer assistance as needed. The NCUA is also coordinating with the California state regulator and state league organizations to assist affected federally insured credit unions. Credit unions needing assistance from the NCUA should contact their examiner or the NCUA’s Western Region at WesternMail@ncua.gov or 602-302-6000.

The NCUA encourages credit unions to work to meet the financial services needs of their impacted members. This includes working constructively with affected borrowers and making prudent loans with special terms and reduced documentation. Such prudent actions will not be subject to examiner criticism.

NCUA will, when necessary:

• Reschedule routine examinations of affected credit unions;
• Work with affected institutions that experience problems fulfilling their reporting and publishing responsibilities, taking into account each institution’s particular circumstances;
• Guarantee lines of credit for credit unions through the Share Insurance Fund;
• Make loans to meet the liquidity needs of member credit unions through the Central Liquidity Facility; and
• Provide qualifying low-income-designated credit unions affected by the wildfires that apply for an Urgent Needs Grant up to $7,500 in financial assistance. Information about how to apply for an Urgent Needs Grant is available online.