LAWRENCEVILLE, Ga.—Lenders should be prepared for a marked drop in used car values near the end of this year—something to watch as repossessions will likely mount as the pandemic persists.
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NELSON, New Zealand—Addressing a ransomware attack may become more costly for organizations due to a recent shift in criminal tactics, one security expert is warning.
RANCHO CUCAMONGA, Calif.–For obvious reasons, credit unions are focused on short-term challenges from the coronavirus pandemic. But CU leaders who are also paying attention to the longer term can leverage a unique opportunity to grow their operations and revenue in the longer term and emerge as the “hero,” according to one person.
Vehicle sales are picking up in at least one part of the country and there is some optimism the same could occur in other parts of the nation as businesses reopen and Americans step out of quarantine, according to one person.
LOS ANGELES–A pioneer who created a food truck phenomenon sees a lot of parallels with credit unions, and believes the coronavirus pandemic can be a defining, historical moment for both.
BIRMINGHAM, Ala.—It may be time more credit unions consider deposit participation programs as a means to ward off some of the negative economic effects of the pandemic, suggests Dennis Dollar.
ARVADA, Colo.—Providing banking services to cannabis businesses may be an answer to many credit unions’ bottom-line issues brought on by the pandemic, says Sundie Seefried.
GARDNER, Mass.—The current pandemic could be the most trying period for any credit union CEO, says Tina Sbrega—simply because there’s nothing in the past to truly compare it to.
INVER GROVE HEIGHTS, Minn.–While the coronavirus pandemic has cheated the high school and college classes of 2020 out of putting on a cap-and-gown and celebrating at a graduation ceremony—a group of credit unions this week has come together in an attempt to help at least create some virtual memories.
TREVOSE, Penn.—After the significant problems and glitches lenders experienced with the first round of the Small Business Administration’s (SBA) Paycheck Protection Program, business lending experts say round two—thankfully—is an improvement—sort of.