MADISON, Wis.–The World Council of Credit Unions has released a COVID-19 Guide for Credit Unions it said is focused on bringing together responses by the international standard setting bodies, prudential authorities and other operational recommendations focused solely on credit unions.
WOCCU said pertinent topics include capital standards, accounting issues, IT concerns, designation as "essential" and other regulatory challenges faced by credit unions navigating the pandemic.
The Credit Union COVID-19 Guide to Regulator and Operational Responses can be viewed here.