NEW YORK––The Federal Reserve is making it absolutely clear it will do whatever it can to stave off a depression in the United states as a result of the spreading coronavirus pandemic.
Fresh Today
WASHINGTON–The Federal Reserve continues to announce new resources and tools aimed at helping the economy as the coronavirus pandemic shuts down big segments of the United States.
ARLINGTON, Va.–With the Senate continuing to hammer out details in a massive $2-trillion bill that seeks to provide economic relief from the coronavirus pandemic, both credit union trade groups said they spent the weekend and continue to work on Capitol Hill to ensure credit unions are included—and in a positive way.
ALEXANDRIA, Va.—Hardship loans and skip-a-pays are just some of the actions the $1-billion US Senate FCU is undertaking to help its members through “uncertain times,” as other credit unions announce additional programs of their own, including appointment times reserved for older members.
ARLINGTON, Va.—NAFCU Chief Economist and Vice President of Research Curt Long is anticipating negative GDP growth for the year and a rise in the unemployment rate to 6%, on average, for the year.
MADISON, Wis.–A CUNA economist is expecting the coronavirus pandemic to hit the U.S. economy as well as credit unions hard over the next two quarters, even as there is some good news to be found, relatively speaking.
TACOMA, Wash.–With Congress discussing additional funding for the CDFI Fund, CU Strategic Planning will host a webinar on Wednesday, March 25, at 2 p.m. EST for credit unions offering information, including on how to apply.
WASHINGTON—The Defense CU Council (DCUC) is urging Congress to help American veterans during the COVID-19 crisis.
MOBILE, Ala.–Two Mississippi credit unions have merged. The $15.3-million Mississippi Farm Bureau Employees FCU in Jackson has merged into Keesler FCU.
ARLINGTON, Va.—Amid the COVID-19 crisis, there is one good economic sign—at least for now.