As Senate Hammers Out $2-Trillion Aid Package, Trade Groups Working to Ensure CUs are Included and No ‘Unintended Consequences’ 03/23/2020 08:09 pm ARLINGTON, Va.–With the Senate continuing to hammer out details in a massive $2-trillion bill that seeks to provide economic relief from the coronavirus pandemic, both credit union trade groups said they spent the weekend and continue to work on Capitol Hill to ensure credit unions are included—and in a positive way.
With White House Advisor Suggesting a ‘Depression’ is Possible, Federal Reserve Announces ‘Unlimited’ Responses 03/23/2020 08:10 pm NEW YORK––The Federal Reserve is making it absolutely clear it will do whatever it can to stave off a depression in the United states as a result of the spreading coronavirus pandemic.
NAFCU Economist: Negative GDP Growth Coming; Card Fraud Findings May be Useful in Coming Months 03/23/2020 08:08 pm ARLINGTON, Va.—NAFCU Chief Economist and Vice President of Research Curt Long is anticipating negative GDP growth for the year and a rise in the unemployment rate to 6%, on average, for the year.
CUNA Economist: ‘No Way to Sugarcoat It, Huge Shock’ to Have Implications for CUs 03/23/2020 08:08 pm MADISON, Wis.–A CUNA economist is expecting the coronavirus pandemic to hit the U.S. economy as well as credit unions hard over the next two quarters, even as there is some good news to be found, relatively speaking.
DCUC Urges Congress Not to Forget Vets During Coronavirus Pandemic 03/23/2020 08:07 pm WASHINGTON—The Defense CU Council (DCUC) is urging Congress to help American veterans during the COVID-19 crisis.
CU Strategic Planning to Host Webinar on Applying for CDFI Funds 03/23/2020 08:07 pm TACOMA, Wash.–With Congress discussing additional funding for the CDFI Fund, CU Strategic Planning will host a webinar on Wednesday, March 25, at 2 p.m. EST for credit unions offering information, including on how to apply.
One CU Reports More Than $500K in Relief Loans; ‘Open Your Eyes’ Initiative on ‘Pause,’ Meeting Cancelled and More 03/24/2020 07:59 pm MONTEREY PARK, Calif.–Credit unions across the country continue to offer financial assistance and relief to members affected by the coronavirus and the related shutdown of much of the economy, including one CU that reports it has distributed more than a half-million in loans to date.
No, the CDC is Not Emailing You: FBI Issues Warning Over Financial Scams Tied to Coronavirus 03/24/2020 07:57 pm WASHINGTON–The FBI is reporting an increase in financial fraud schemes related to the coronavirus pandemic and urging consumers to take steps to protect themselves.
Credit Unions Must be Designated as Essential Services, CUNA Tells State Leadership Groups 03/24/2020 07:56 pm WASHINGTON—It is vitally important credit unions be designated essential services during the coronavirus disease (COVID-19) pandemic, CUNA wrote in letters to a number of state leadership organizations.
FHFA Announces Additional Moves Designed to Ensure Liquidity in Housing Markets 03/24/2020 07:56 pm WASHINGTON—The Federal Housing Finance Agency has announced a number of new moves aimed at ensuring liquidity in the housing market during the coronavirus pandemic.
