MADISON, Wis.–Seeking to effectively respond to the coronavirus pandemic, representatives from SACCO and CFI (credit union) associations across Africa shared experiences with managing liquidity and dividend payments, and the need for ongoing regulatory relief during an April 8 webinar organized by the World Council of Credit Unions and the African Confederation of Cooperative Savings and Credit Association.
Fresh Today
MADISON, Wis.–The National Credit Union Foundation has introduced a new website and also announced plans to host a webinar on consumer financial well-being.
RANCHO CUCAMONGA, Calif.–CO-OP Financial Services has released what it is calling a think piece on the need for credit unions to continue to be the "compassionate banking alternative" to big banks.
WASHINGTON–Some early data around the number of applications and average loan size being approved as part of the Paycheck Protection Program (PPP) have begun to emerge, but many participating lenders and businesses say much of the funding has yet to actually begin flowing.
WASHINGTON––Credit union are likely to see even more requests for assistance after the newest jobless numbers show 6.6 million Americans filing first-time unemployment claims last week, and one-third of apartment renters saying they can’t pay April’s rent.
RALEIGH, N.C. – State Employees’ Credit Union and the SECU Foundation said they are committing up to $10 million to assist with COVID-19 disaster relief efforts across North Carolina, joining other CUs in such offers recently, such as Travis Credit Unoin in California which announced a $1 million initiative of its own
WASHINGTON—Both credit union trade groups have either met with or sent a letter to the CFPB to press for additional relief for credit unions during the coronavirus pandemic.
WASHINGTON—CUNA has sent a new letter to NCUA Chairman Rodney Hood outlining potential actions the agency could take to alleviate the effects of the coronavirus pandemic on credit unions.
WASHINGTON—In response to a request from the chairman of the Senate Banking Committee, the Defense Credit Union Council has sent a letter to NCUA offering ways the agency can make statutory changes to “promote lending and mitigate the economic impact of COVID-19 for consumers and businesses.”
WASHINGTON—Total consumer credit rose 6.4% in February at a seasonally-adjusted, annualized rate – its highest level since July – and is up 4.5% from a year ago, according to the latest Federal Reserve data.