The National Credit Union Administration (NCUA) is monitoring the impact of severe storms, winds and flooding in Texas and has made support resources available for affected credit unions, while reiterating that member deposits at federally insured credit unions remain protected. NCUA examiners are maintaining contact with credit unions in impacted areas to assess operational status and provide assistance. The agency restated National Credit Union Share Insurance Fund coverage limits of up to USD 250,000 for individual accounts, up to USD 250,000 for a member’s combined interest in all joint accounts, and separate coverage of up to USD 250,000 for IRA and KEOGH retirement accounts, noting the fund is backed by the full faith and credit of the United States. Measures NCUA may deploy when necessary include encouraging prudent loans to affected members with special terms and reduced documentation, rescheduling routine examinations, guaranteeing lines of credit for credit unions through the Share Insurance Fund, and providing liquidity loans through the Central Liquidity Facility; low-income-designated credit unions may also apply for Urgent Needs grant assistance to repair damage or restore member services.
National Credit Union Administration 2025-07-07
United States National Credit Union Administration monitors Texas storm impacts and reiterates share insurance protections
The National Credit Union Administration (NCUA) is monitoring severe weather in Texas, offering support to affected credit unions and ensuring member deposits are protected. NCUA examiners are assessing operations and assistance, reiterating insurance coverage limits of up to USD 250,000. The NCUA may encourage prudent loans, reschedule examinations, and provide liquidity support, with low-income credit unions eligible for Urgent Needs grants.