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HAUPPAUGUE, N.Y.–Credit unions continue to provide a wide variety of community and member support during the coronavirus pandemic.

WASHINGTON—While the Small Business Administration has reopened applications for its Paycheck Protection Program—and deal with many of the same glitches as the first round of the program—NAFCU is reminding credit unions seeking to participate there are several updates for credit unions to be aware of.

WASHINGTON–After approving nearly $3 trillion in new federal spending since the onset of the coronavirus pandemic, some members of Congress have begun asking a question that has also been raised by some CU executives: where is the money going and where’s the oversight?

NEW YORK–Demand for new homes is rebounding not in spite of the coronavirus pandemic, but because of it, with some analysts saying renters locked down in small spaces are looking for more room should another stay-at-home order ever be issued. 

INVER GROVE HEIGHTS, Minn.–A group of classmates from CUNA Management School’s class of 2020 along with credit unions across four states have created the “#weCUgrads Challenge,” and they are now challenging other credit unions to join them in a national effort to celebrate 2020 graduates through social media.

WASHINGTON–A group of Democrats in Congress want the Small Business Administration to reserve an additional $10 billion as part of its coronavirus relief programs for lenders that serve minority and rural communities.

DANVILLE, Penn.–Service 1^st FCU here has selected PSCU to provide it with credit and debit card processing support and services.

WASHINGTON—The Treasury Department plans to get some people their coronavirus relief payments by sending them prepaid debit cards in an effort to get those payments out faster, Treasury Secretary Steven Mnuchin said.

MADISON, Wis.–The early effects from the coronavirus pandemic cannot yet be seen in the latest report and forecast from CUNA Mutual—but it can be seen in the forecast for what’s ahead. Indeed, the report urges CUs to prepare for the lowest yield-on-assets ratio in history.