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MADISON, Wis.–Seeking to effectively respond to the coronavirus pandemic, representatives  from SACCO and CFI (credit union) associations across Africa shared experiences with managing liquidity and dividend payments, and the need for ongoing regulatory relief during a webinar organized by the World Council of Credit Unions and the African Confederation of Cooperative Savings and Credit Association.

SPRINGFIELD, Mo.–Loretta Roney got something of a surprise on her first day of work at a credit union: she was the CEO.

WASHINGTON–The Paycheck Protection Program is out of money. The $349-billion program managed by the Small Business Administration and designed to get money to small businesses to support payroll and other costs, has exhausted its funding in less than two weeks after the program became available.

WASHINGTON–Congressional leaders were indicating late on Sunday that Congress is “very close” to a deal on new funding for the Paycheck Protection Program (PPP), after the $350-billion program ran out of money less than two weeks after being announced, while the Fed has announced a change that could benefit CU board members. 

ANAHEIM HILLS, Calif.–Credit Union of Southern California (CU SoCal) has donated $10,000 to YMCA of Greater Whittier to help the Y provide meals to children who would normally get two meals at school.

BOULDER, Colo.--Elevations Credit Union has promoted Stephanie Camara-Ray to Senior Vice President Credit Risk Management.