WASHINGTON — The U.S. economy shrank at a 4.8% annual rate during the second quarter of 2020 as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
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ALEXANDRIA, Va.–NCUA has sent a pair of Letters to Credit Unions, in one announcing its examiners will be asking certain questions of CU leaders, and in the other reminding of compliance issues related to new government programs.
WASHINGTON—CUNA, NAFCU and numerous other financial services organizations are raising new concerns with the Paycheck Protection Program (PPP) loan submission process and E-Tran access issues.
ALEXANDRIA, Va.–Democracy Federal Credit Union is among the most recent credit unions to launch an initiative to support their communities in response to the pandemic.
WASHINGTON — The Treasury Department is scrambling to figure how it can recover potentially hundreds of millions of dollars in Paycheck Protection Loans that instead of going to the intended mom-and-pop businesses went to huge companies, including one very-well known employer of Lebron and the Brow.
MADISON, Wis.–The theme for International Credit Union Day 2020 has been announced: “Inspiring Hope for a Global Community.”
WASHINGTON–NCUA has told credit unions that the Small Business Administration's Paycheck Protection Program would restrict loan applications to institutions of $1 billion or less in assets from 4 p.m. to 11:59 p.m. ET on Wednesday.
DONELSON, Tenn.–Six weeks after a tornado destroyed the corporate offices and a branch of Enbright Credit Union, it is sharing its story of how it has been able to recover and return to serving members even as the coronavirus pandemic has complicated the challenge.
WASHINGTON–The National Credit Union Foundation has released its “Impact Report” for 2019. The report seeks to document the work the Foundation accomplished last year in serving as a catalyst for change in the credit union movement, in said.
SEAFORD, Del.–Allen Riley, VP-operations with Tidemark Federal Credit Union, has died. Mr. Riley had a long careSEAFORD, Del.–Allen Riley, VP-operations with Tidemark Federal Credit Union, has died. Mr. Riley had a long career in credit unions.er in credit unions.