The National Credit Union Administration and the League of Southeastern Credit Unions & Affiliates will host a Hurricane Recovery Webinar on Monday, Nov. 26 at 2 p.m. ET. This event is NOT just for credit unions impacted by Hurricane Michael but will include valuable information for all credit unions regarding what examiners look for regarding loan loss, repossession of collateral, and disaster recovery after a major event.
Participants will learn of financial trends experienced by credit unions in the aftermath of Hurricanes Maria, Harvey, and Katrina. These trends include economic impact relating to closed businesses, member job loss, relocation due to damage, and more.
Impacted credit unions from previous major storms will share best practices and lessons learned regarding business resumption and continuity.
NCUA will describe what impacted credit unions can expect to be reviewed by the organization related to storm recovery during future contacts. There is no charge for this event.