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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.

WASHINGTON–A potential phase IV federal stimulus package could include broad prohibitions on evictions of renters, a foreclosure moratorium, liquidity for mortgage servicers, $2,000-per-month checks to many Americans, and up to $1 billion in CDFI funds, according to a draft proposal circulating on Capitol Hill and provided to CUToday.info.

ARLINGTON, Va.—With 701,000 jobs lost in March, NAFCU Chief Economist and Vice President of Research Curt Long said that as forecasts worsen, "credit unions should be prepared for a bumpy and tepid recovery."

WEST VALLEY, Utah–To help lower-income volunteer missionaries from the Church of Jesus Christ of Latter-day Saints as they embark on their missions, Deseret First Credit Union’s Charitable Foundation is providing up to $500 to soon-to-be missionaries to help them purchase items for their missions such as clothing, shoes, coats, umbrellas, luggage, and books. 

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