ARLINGTON, Va.—With 701,000 jobs lost in March, NAFCU Chief Economist and Vice President of Research Curt Long said that as forecasts worsen, "credit unions should be prepared for a bumpy and tepid recovery."
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WASHINGTON—Only electronic methods guarantee the rapid disbursement of CARES Act funds to American families in a safe and secure manner, CUNA, NAFCU and other financial trade organizations wrote to the Treasury.
WASHINGTON–Both credit union trade groups say they are working to get answers to all the questions credit unions and others have around the just-launched Paycheck Protection Program, the $349-billion loan fund created by Congress.
WASHINGTON–The Federal Reserve has announced plans to establish a facility aimed at boosting lending to small businesses via the Small Business Administration’s (SBA) Paycheck Protection Program (PPP).
MILWAUKEE, Wis.–One corporate credit union is detailing how planning ahead has greatly assisted its work-from-home efforts, while credit unions, vendors and state governments have made a number of other announcements related to the coronavirus pandemic.
ARLINGTON, Va.—NAFCU is offering a free webinar today to help credit unions better understand the process for offering loans through the Small Business Administration's new Paycheck Protection Program (PPP).
ARLINGTON, Va.—In conjunction with the release by the Small Business Administration (SBA) of an interim final rule to implement the $349 billion Paycheck Protection Program, NAFCU has published a series of FAQs on the program and what it mean for credit unions.
POUGHKEEPSIE, N.Y.–Hudson Valley Credit Union has closed two of its branches after an employee at each facility tested positive for COVID-19.
ARLINGTON, Va.–The coronavirus pandemic and the resulting economic shutdown may have upended much of the congressional agenda this session, but both NAFCU and CUNA said there is plenty of work being done on a host of issues of importance to credit unions.
COLUMBIA, Md.–Maryland’s credit unions said they will act to supportfinancial relief initiatives announced by Gov. Larry Hogan aimed at assisting consumers affected by the economic fallout from the COVID-19 pandemic.