WASHINGTON–Veterans seeking assistance with managing their Veterans Affairs monetary benefits have the option of using a credit union—but it’s not an easy option to find. The Defense Credit Union Council (DCUC) is trying to get that changed.
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MIDDLETON, Penn.—While many credit unions are likely focused on a potential default crisis, what they may be missing is the potential for a liquidity crisis down the road, suggests one corporate credit union CEO.
CARSON CITY, Nev.—One CUSO that has completed well over 6,000 Paycheck Protection Program (PPP) loans on behalf of credit unions said it didn’t enter into the program looking to drive income, and instead sees the real value in driving CU relationships deeper within their communities.
MADISON, Wis.—Calling it a crime of opportunity, low-tech attacks on credit union ATMs—where crooks rip machines out of walls or away from their moorings with heavy equipment—are on the rise.
LAKE FOREST, Ill.—If a credit union employee contracts COVID-19 as the result of working in a reopened office, who is responsible—the employee or financial institution?
LAWRENCEVILLE, Ga.—Get ready for a 30% depreciation in annual used vehicle values this year.
COLORADO SPRINGS, Colo.—Credit unions across the country that have been quick to offer extensive member assistance in the wake of the coronavirus pandemic are now acknowledging the longer the crisis persists, the tougher the decisions are going to become in continuing that assistance.
IRVINE, Calif.—If COVID-19 cases do not return to the levels experienced in March and April—and the government does not make any missteps—one economist believes the U.S. economy could be back to functioning at normal levels by the end of the year.
RANCHO CUCAMONGA, Calif.—CO-OP Financial Services is conducting video interviews for contact center reps and onboarding the majority of its staff virtually—a change meant to address the pandemic that’s working well enough to continue on after the health crisis ends, the CUSO said.
BOSTON—It’s time credit unions provide small businesses with greater support when it comes to their receivables, according to one analyst, who contends doing so will not only build stronger relationships beyond the pandemic, but also keep entrepreneurs afloat and head off defaults.