Grants of up to $15,000 Available to Low-Income Credit Unions Hit by Hurricanes

Low-income credit unions in Florida and Georgia hit by both Hurricanes Helene and Milton can get urgent need grants of up to $15,000 from the National Credit Union Administration.

Credit unions must submit their applications to the NCUA’s Office of Credit Union Resources and Expansion by January 31, 2025, describing the impact both hurricanes had on their operations. Credit unions hit by one of the hurricanes remain eligible for urgent need grants of up to $7,500.

Urgent need grants cover expenses that are not reimbursable under insurance policies. Grant funds can be used to repair or replace credit union office property, equipment, fixtures, or leasehold improvements as well as covering costs of resuming operations, such as reconstructing data or reestablishing network systems. Expenses for Natural Disaster Relief projects may be incurred prior to the award approval date but must be incurred after the date of the natural disaster as designated in the grant application.

Credit unions should receive notice of approval within 30 days of application and should expect to receive their grant funds within two weeks after submitting a reimbursement request.

If your credit union has been severely affected and unable to access CyberGrants due to loss of power, internet, or equipment, contact your NCUA examiner for assistance on accessing the application.

Please contact CURE with any questions about the urgent need grants process by email at CUREAPPS@ncua.gov or by telephone at 703.518.6610.