Low-income credit unions in Florida and Georgia affected by both Hurricanes Helene and Milton can obtain urgent need grants of up to $15,000 from the NCUA.

Credit unions with the low-income designation must submit their applications to the NCUA’s Office of Credit Union Resources and Expansion by Jan. 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 up to $7,500.

Urgent-need grants cover expenses that are not reimbursable under insurance policies and can be used to:

• Repair or replace credit union office property, equipment, fixtures, or leasehold improvements; and 
• Cover 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 applying and should expect to receive their grant funds within two weeks after submitting a reimbursement request.