Disintermediation in the time of COVID-19
Consumers fearful of direct contact with everything from snail mail to drive-thru receipts are just one example of why credit unions need to pay attention to disintermediation. That’s the ...
The latest from John Pettit
Treasury, SBA issue FAQ document on PPP loans
The Treasury and Small Business Administration (SBA) released a frequently asked questions document on Paycheck Protection Program (PPP) loans, updated as of April 6. The PPP is a new loan ...
Fed to set up facility to purchase PPP loans; NAFCU here to assist CUs
As credit unions seek ways to support members impacted by the coronavirus, including through the Small Business Administration’s (SBA) new paycheck protection program, NAFCU remains steadfast in its commitment ...
HR Answers: Credit unions transition to a new way to work
Last month, credit unions around the country, along with other businesses of all types and sizes, found themselves suddenly faced with a crisis that would upend “business as usual” and ...
Be a ‘compassionate banking alternative’
CO-OP Financial Services has released a think piece on the need for credit unions to continue to be the “compassionate banking alternative” to big banks by delivering the financial support ...
SBA launches Paycheck Protection Program
One key aspect of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is the Paycheck Protection Program (PPP), generated many questions last week as credit unions worked to ...
How the $2 trillion stimulus package will impact business
COVID-19 has had an unimaginable impact on nearly every aspect of daily life for consumers and businesses alike around the world. Currently, the disease shows no sign of slowing down, ...
One sure way to ease forbearance foreboding for your lending team
There’s no sugar coating the fact that things are about to get real for credit union lenders. As an untold number of members ask their credit unions to follow ...