ALEXANDRIA, Va. (8/27/12)--National Credit Union Administration (NCUA) Chairman Debbie Matz on Friday reminded Gulf Coast credit unions to "take prudent precautions" as Tropical Storm Isaac approached the Gulf of Mexico and Florida.
"Credit unions operating and people living in the Gulf Coast region know they need to prepare for serious storms," Matz said. She noted that the NCUA continues to protect deposits at federally insured credit unions during sunny days and after bad storms.
The agency in a release said it is prepared to activate emergency response plans, if needed, and will take steps to assist credit unions in maintaining normal operations or, in the event of a disruption, to restore those services as quickly as possible.
Portions of the storm hit the FLorida Keys and southern Florida on Sunday, and the storm could enter the Gulf of Mexico, and strengthen, Monday. The storm could again make landfall anywhere between the Florida panhandle and Louisiana this week.
Tropical storm-like conditions were expected in the Tampa, Fla.-area, and the start of this year's Republican National Convention. Today's convention activities have been cancelled as a precaution.
News Now will cover the latest credit union and political news from the convention. Look for updates on Twitter too.