Foundation Collaborates with League; Redwood CU Fund; and NCUA

Firefighters putting out a fire

In response to the California wildfires, the National Credit Union Foundation has been working closely with the League to evaluate the disaster relief needs of credit union employees and volunteers across California. You can read the foundation’s news release here.

The League is extremely grateful for our partnership with the foundation and its CUAid program, and has been able to fund thousands of dollars in grants to credit union staff and volunteers who have fallen victim to devastating wildfires and earthquakes over the past few years.

As a reminder, CUAid disaster grants are available for credit union employees and board members to assist with immediate disaster relief needs. Visit our Disaster Relief & Preparedness webpage for more information on these grants. In addition, credit unions are encouraged to consider donating to CUAid to help with disaster grant funding.

Credit unions needing other assistance can use the business continuity plan template under the Emergency Preparedness Plan section of the Leagues' Disaster Relief & Preparedness webpage.

Redwood CU Activates Relief Fund
Redwood CU is the latest credit union to respond to the wildfires. The credit union has opened a 2020 Fire Relief Fund to assist those who lost homes due to the recent fires, and to prepare to help its communities if more fires happen this year. Donations can be made by clicking on the “Help Those Impacted” box at the bottom of Redwood’s website.

Travis CU is also still accepting donations to its foundation to bring immediate financial assistance to victims, firefighters, and communities.

NCUA Regulatory Supervisory Practices During Wildfires
The National Credit Union Administration (NCUA) and other federal/state financial regulators recognize the serious impact of the California wildfires on members and operations and announced they will provide appropriate regulatory assistance to affected institutions subject to their supervision.

The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities. A complete list of the affected disaster areas can be found at fema.gov/disasters.

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