TACOMA, Wash.—The pandemic is forcing credit unions to shorten the timeframe of the strategic plans they’re creating this year—and discuss the future of branches.
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LAWRENCEVILLE, Ga.—Lenders should brace for the sharpest declines in used values over the next five months, according to a Black Book forecast that also sees a doubling of repossessions and a resulting big hit to depreciation.
MADISON, Wis.—Do credit unions have the “excess capital” right now to make emergency loans to members as one group is demanding?
MADISON, Wis.—Today marks the 72nd annual International Credit Union Day, but the first to ever take place during a pandemic—and that will mean some changes to the traditional event.
LAKE FOREST, Ill.—Deposits at all financial institutions are up by $3.4 trillion since the pandemic began, with 30%—or $1.1 trillion—landing in checking accounts, according to a new study that shows credit unions have been warding off checking dollars. At the same time, former NCUA Chairman Dennis Dollar said there are lending opportunities to be had.
BURBANK, Calif. — Disney’s announcement it will be laying off nearly 30,000 workers reveals just how deeply the COVID-19 recession is affecting the country, according to the credit union that serves those workers and which has been working to provide relief.
BEAVERCREEK, Ore.—One credit union CEO, who recently had to flee his home here as wildfires threatened his farm, his family and his animals, says the crisis has given him a clearer perspective on the help members need in times of natural disasters.
MASSENA, N.Y.—It never hurts to be prepared. And SeaComm Credit Union began getting ready for an unexpected business threat—like the pandemic—right after the Great Recession.
PLANO, Texas–A well-regarded economist and his firm are predicting economic growth in 2021 and 2022 under a President Biden administration would actually be stronger than that under a second term for President Trump.
LAKE FOREST, Ill.—The number of checking accounts in the U.S. soared to 391.5 million during the second quarter, a 9.4% annual increase in only a few months—the largest surge in U.S. history, according to a new study that suggests the coronavirus pandemic may be having a bigger financial impact on checking than the Great Recession.