Credit unions with a low-income designation can apply through the Urgent Needs Initiative for emergency assistance grants of up to $7,500 to cover expenses related to natural disasters or other unexpected adverse events. The grants provide funds to these credit unions to repair damages or replace equipment in order to restore services to members.
NCUA accepts applications for this emergency assistance year-round, subject to funding availability. Credit unions with the low-income designation may obtain more information about Urgent Needs Grants or apply for a grant online
here. They may also contact NCUA’s Office of Small Credit Union Initiatives