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WASHINGTON–The first stimulus checks of approximately $1,200 are supposed to be sent to Americans this week, which has implications for both credit unions and their members.

NEW YORK–Financial assistance to vulnerable households and businesses will mitigate the economic and employment shock but will not prevent a severe downturn, according to a new report from Moody’s.

NEW YORK–It isn’t just the Paycheck Protection Program with which both lenders and borrowers are struggling with glitches and delays.

ONALASKA, Wis.–Altra Federal Credit Union has become the latest to announce it will pay its teller and member relations team members with a 20% pay increase during the coronavirus pandemic. The premium will remain in effect until the office lobbies are able to reopen.

ALEXANDRIA, Va.—In what will likely be its first-ever virtual public board meeting, the NCUA board Thursday is set to issue two rules related to appraisals: A final rule that would raise the threshold for residential real estate appraisals and an interim final rule to provide other appraisal relief.

ARLINGTON, Va.—The University of Michigan Survey of Consumers is showing the biggest one-month drop in the consumer sentiment index in history, falling from 89 to 71.

The Twitterverse has been quite fond of retweeting one person’s observation that one word is now being used an unprecedented number of times.