NCUA Extends Funding For KatrinaVictims

March 31, 2006, 1:00 a.m. EST 1 Min Read

ALEXANDRIA, Va. - (03/31/06) NCUA said it has extended theavailability of disaster relief grants for credit union damaged byHurricane Katrina for another 180 days, until Sept. 30. Creditunions situated in the Gulf Coast states can apply for up to $2,500in disaster relief grants through the agencys CommunityDevelopment Revolving Loan Fund to help them resume operations.Qualifying credit unions, those designated as low-income, can alsoapply for up to $300,000 in 1% loans through the fund.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Politics and policy

Bank riders have murky future as housing bill heads to Senate

Bank-favored provisions that were included into the House's version of a bipartisan housing bill threaten to derail Senate passage, but Senate Banking Committee moderates seem skeptical of the combination.

By Claire Williams

2h ago
IPOs

Brazil fintech Agibank scales back IPO before US debut

The digital bank slashed its share volume and pricing the day before its public debut and following a mixed U.S. public debut for fellow Brazil fintech PicPay.

By Melinda Huspen

3h ago
Regional banks

Huntington takes $280M hit on Cadence deal accounting

The Ohio bank said its 2027 earnings per share will be lower due to an accounting revision linked to its acquisition of Cadence Bank. But CEO Steve Steinour remains sold on Huntington's expansion plans, calling the Cadence deal a "home run transaction."

By John Reosti

4h ago
Litigation

Developer Colony Ridge to pay $68M in DOJ, Texas settlement

Houston developer Colony Ridge Development agreed to resolve allegations that it operated a bait-and-switch scheme targeting Hispanic immigrants that led to massive foreclosures.

By Kate Berry

4h ago
Digital Assets

Ethereum becomes rail of choice for crypto-curious bankers

JPMorganChase, Citi and Custodia are among the banks that have built digital asset projects on the Ethereum blockchain.

By Penny Crosman

5h ago
Earned Wage Access

D.C. appeals court hands favorable ruling to EWA fintech EarnIn

The district's appeals court let stand a May 2025 ruling that dismissed most of the D.C. Attorney General's claims against EarnIn in a major win for the firm and good news for fintechs looking for favorable regulatory treatment.

By Joey Pizzolato

6h ago