HARAHAN, Louisiana–The Louisiana Credit Union League said it has partnered with North Carolina-based Zogo, the financial education company, to reduce its app setup fee to $0 for all credit unions in the state.
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WASHINGTON–Congressional leaders were indicating late on Sunday that Congress is “very close” to a deal on new funding for the Paycheck Protection Program (PPP), after the $350-billion program ran out of money less than two weeks after being announced, while the Fed has announced a change that could benefit CU board members.
WASHINGTON—Even with the program currently out of funding, the Small Business Administration (SBA) is being urged to continue to approve lender portal access and to provide additional guidance on loan forgiveness for its Paycheck Protection Program (PPP).
COLORADO SPRINGS, Colo.– Ent Credit Union is reporting it has approved more than $24 million in emergency loans and deferred more than $90 million in loan payments as a result of the coronavirus pandemic.
WASHINGTON—As CUToday.info reported, compliance challenges are growing among lenders due to the Paycheck Protection Program.
RALEIGH, N.C.–Coastal Credit Unionhas launched an expedited self-service Skip-A-Pay program, available inside of online banking and Coastal’s mobile banking app.
WASHINGTON–Numerous credit unions this week are acting as sponsors of the EVERFI National Financial Bee, which runs all week long.
PROVIDENCE, R.I.— Postal Government Employees FCU has signed a contract to migrate its DataSafe Core Processing System to United Solutions Company (USC).
NEW YORK–Asset quality at major banks was solid entering into the second quarter, but it’s expected to “deteriorate rapidly,” according new analysis from Moody’s Investment Services.
WASHINGTON– The Federal Financial Institutions Examination Council (FFIEC), which includes NCUA, has announced the availability of FFIEC Federal Disclosure Computational Tools, including the Annual Percentage Rate (APR) Computational Tool and the Annual Percentage Yield (APY) Computational Tool.