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NCUA said it's working with federally insured credit unions in areas of Texas and Oklahoma affected by recent flooding to help protect consumers and ensure the continuity of credit union services.

Federally insured credit unions in the areas affected by the flooding are currently operating normally, and NCUA says examiners remain in contact with the credit unions. Credit union members in these areas should contact their credit unions or check their credit union's website for the latest information.

During natural disasters, NCUA works with state regulators and state league organizations to ensure all federally insured credit unions know about NCUA's available assistance. Under the agency's disaster relief policy NCUA will, where necessary:

• encourage credit unions to make prudent loans with special terms and reduced documentation to affected members;
• reschedule routine examinations of affected credit unions, if necessary;
• guarantee lines of credit for credit unions through the Share Insurance Fund; and
• make loans to meet the liquidity needs of member credit unions through the Central Liquidity Facility.

The agency said low-income-designated credit unions affected by flooding can apply for up to $7,500 in Urgent Needs grant assistance to repair damage or restore services to members.

Credit unions in need of NCUA assistance dealing with members affected by the flooding should contact their primary supervisory official.