RANCHO CUCAMONGA, Calif.–Big shifts in consumer behavior over the past two months are having short-term effects on how credit unions are responding, but it’s even more critical to recognize how strategies are going to need to shift in the longer term, according to one person.
Fresh Today
NEW YORK–The coronavirus pandemic has created unimaginable challenges for credit unions and their members, but it’s also an opportunity to be something else: “inspiring,” according to one person.
RANCHO CUCAMONGA, Calif.--It isn’t just a question that members will ask and answer. It will be asked by management teams, CU employees and the credit union community itself, according to Ryan Battles, principal in the Financial Services office of EY, who addressed “COVID-19 Scenario Planning for Credit Unions: Respond, Stabilize, Recover and Transform,” during CO-OP's THINK20 Virtual event.
RANCHO CUCAMONGA, Calif.–How can CUs compete against big banks in the current environment? What behavior changes are likely to last beyond the pandemic? Which group of members deserves special attention when it comes to contactless?
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services announced it is making its newly introduced Credit Union Strategic Investment Assessment Powered by CO-OP and backed by EY NextWave available to all credit unions.
TACOMA, Wash.–With new discussion in Congress over potentially making up to $1 billion in funding available to community development financial institutions (CDFIs), credit unions that aren’t yet CDFI-certified are being urged to get going.
WASHINGTON–Attorneys general representing 24 states are urging the Treasury Department and SBA to make changes to the Paycheck Protection Program.
ARLINGTON, Va.—During a virtual town hall, Tower FCU President and CEO Rick Stafford, Arkansas FCU President and CEO Rodney Showmar, and NAFCU President and CEO Dan Berger discussed the effects the coronavirus is having on credit unions and their members, how institutions have responded, and what trends they expect to see as recovery begins.
WASHINGTON—The Small Business Administration (SBA) and Treasury Department have updated their FAQs related to the Paycheck Protection Program (PPP) to clarify forgiveness for businesses that have laid off an employee.
WASHINGTON — Tens of thousands of businesses have received funds from the Paycheck Protection Program, including billions in loans processed by credit unions, but many are expecting new challenges around meeting the requirements to have those loans forgiven.