WASHINGTON—Small credit unions are dividing their limited workforces into teams and paying attention to partnerships with surrounding credit unions as means to survive the pandemic.
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ST. PETERSBURG, Fla.—Credit unions are currently doing all they can to help members during the coronavirus pandemic, but it won’t be long before CUs themselves are going to need some help, according to one expert—who is urging many to take steps beginning today.
KETTERING, Ohio—While the Trump Administration is reporting tens of billions of dollars in SBA loans under the Paycheck Protection Program are flowing to financial institutions, one credit union says trying to get SBA loan requests processed is like “playing whack-a-mole.”
MONTPELIER, Vt.—The seriousness of the situation facing consumers from the coronavirus pandemic can be seen in the rate and term of Vermont State Employees Credit Union’s Emergency Loan—0% for 24 months.
PETERBOROUGH, N.H.—It isn’t just the coronavirus that is going to be affecting the future of many retailers—Visa’s biggest rate change in its merchant fees in a decade is going to have a significant impact on retailers, as well, according to several sources.
ARLINGTON, Va.—The massive $2-trillion CARES Act and its many provisions seeking to prop up the economy and consumers is succeeding in creating jobs for at least one profession: compliance professionals.
SAN DIEGO—Credit unions should assume each of their employees now working from home is a security risk to the organization.
LAS VEGAS—The first credit union or community bank that fails due to the economic fallout created by the coronavirus pandemic will “send shock waves” throughout the country, warns one CU leader.
ALEXANDRIA, Va.—Many C-suite executives in credit unions are being challenged to do something they've never really had to do before—manage a remote workforce.
IRVINE, Calif.—It’s time credit unions pay extremely close attention to margins and get in line to deliver their share of the massive Small Business Administration loan dollars available under the CARES Act, says one economist, who admits to being nervous over the financial recovery from the pandemic.