CUs Respond to $2T Economic Package as Congress Considers Another Big Bill 03/29/2020 06:20 pm WASHINGTON–Even as the credit union trade groups continue to dig through the more-than-$2-trillion economic rescue package passed by Congress late last week, many in Congress and elsewhere in Washington are now considering a fourth economic package, with some suggesting it could be even larger than the last as the coronavirus pandemic wreaks havoc with the economy.
Riverview CU Intro’s New Program to Help Members Affected by Coronavirus; Plus Other New CU Efforts 03/30/2020 09:46 am MARIETTA, Ohio–Riverview Credit Union said it has put in place a special short-term lending program designed to help members affected by the COVID-19 pandemic.
Here's How Coronavirus Pandemic is Affecting Where People Are Spending Money, According to PSCU Analysis 03/29/2020 05:35 pm ST. PETERSBURG, Fla.–As the coronavirus pandemic continues to affect all aspects of the U.S. economy, PSCU has released transaction data from its member credit unions on a same-store basis from March 2019 to March 2020 to identify the effect on consumer spending and shopping trends.
…A Half-Dozen Groups Say Announcement by 5 Financial Regulators Will Only Push More People into Payday Loan Trap 03/29/2020 05:35 pm WASHINGTON–A number of consumer groups are warning that a statement by five financial regulators, including NCUA, encouraging greater small-dollar lending during the coronavirus pandemic will only lead more people into the “trap” of payday lending.
Consumer Groups Say $2-Trillion Stimulus Package ‘Falls Short’ on Consumer Protections, While… 03/29/2020 05:35 pm WASHINGTON–Two consumer groups said that while the $2-trillion stimulus package passed by Congress will provide aid for many, it continues to “fall short” when it comes to consumer protection.
NCUA To Host March 31 Webinar on COVID-19 Response 03/29/2020 06:26 pm ALEXANDRIA, Va. – NCUA said federally insured credit unions will be able to learn more about the agency’s response to the COVID-19 outbreak by participating in a webinar it will host on Tuesday, March 31, beginning at 2 p.m. ET.
Here’s the Sobering (But Also Encouraging) Message from One Doctor to Member CUs of the CCUA 03/30/2020 07:55 pm MARLBOROUGH, Mass.–Credit union leaders hopeful the coronavirus pandemic will end sooner rather than later so the world can return to “normal” were offered a sobering reminder of how serious the situation is during a discussion hosted by the Cooperative Credit Union Association (CCUA).
CUs Ask About Fed Funds to Cover Their Own Payrolls, While Also Seeking to Participate in SBA Loans for Small Biz 03/30/2020 07:57 pm ALEXANDRIA, Va.–Can credit unions apply for new federal funding to help cover payroll costs as part of efforts to sustain small businesses during the coronavirus pandemic?
CUNA’s Economists Set to Revise Economic Forecast; Here’s What They Expect 03/30/2020 07:57 pm WASHINGTON–CUNA’s economists are scrambling to adjust their forecasts to reflect the effect of the coronavirus pandemic on the U.S. economy, and expect to see a big drop in demand for auto and business loans this year from what was originally called for—although they still expect the numbers to be up.
