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For Details, Contact:
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National Credit Union
Administration 1775 Duke Street Alexandria, VA 22314-3428 Phone: (703) 518-6330 Web Address: http://www.ncua.gov/ |
FOR IMMEDIATE RELEASE |
NCUA Activates Disaster Assistance for Isabel Hurricane VictimsAlexandria, Va., September 22, 2003 -- The National Credit Union
Administration has NCUA examiners and staff are in close contact with federal credit unions in the designated counties to determine immediate needs and to offer advice and assistance. Under its policy, the NCUA will, as needed:
During disaster conditions, NCUA personnel operate under three priorities:
The National Credit Union Administration, governed by a three-member
board appointed by the President and confirmed by the Senate,
is the independent federal agency that regulates, charters and
supervises federal credit unions. NCUA, with the backing of the
full faith and credit of the U.S. government, operates and manages
the National Credit Union Share Insurance Fund, insuring the
deposits of more than 81 million account holders in all federal
credit unions and the overwhelming majority of state-chartered
credit unions |