The novel coronavirus (COVID-19) is escalating pretty quickly, both nationally and abroad. Between Ongoing Operations and CU 2.0, we’re seeing the challenges that credit unions are facing—and we’re getting ideas about [...]
So, you’ve stocked your home with food and other daily essentials in preparation for being stuck at home. You even managed to fight off the hoard of desperate shoppers at your local grocery store [...]
Among the many pieces of value credit unions bring to their local communities is the assurance that everyone can access mainstream financial services. Because credit unions’ purpose is to provide fair, dignified financial products and [...]
Most of us likely never anticipated being in the throes of a pandemic, but here we are. The potential loss of life and economic impact is unknown, and that has led to fear. This is [...]
Face-to-face, in-person meetings carry a lot of value – teamwork, networking, and catching up – but, sometimes, virtual meetings are timelier and more convenient, if not downright necessary. Like a live meeting, virtual meetings take just as [...]
The Financial Accounting Standards Board (FASB) should delay implementation of the current expected credit loss (CECL) standard to at least January 2024, CUNA wrote to FASB Wednesday, as credit unions are currently focusing on serving [...]
As the Senate works on coronavirus emergency funding packages, NAFCU joined with other financial trade groups Tuesday to keep lawmakers informed of how credit unions and other financial institutions are stepping up to support consumers [...]
The coronavirus outbreak, while first and foremost a humanitarian crisis, will have a substantial financial impact on credit unions and their members. While the extent of that impact isn’t clear, Mike Schenk, CUNA chief [...]
Part of ensuring that all segments of our communities have the information and resources they need is to provide equity in communications. With the significant help of Victor Corro from Coopera, below is language and [...]
There isn’t a single aspect of life, work or play that hasn’t been impacted by the coronavirus pandemic. And, many believe, we are only at the beginning. The upside – the people-helping-people spirit has [...]
The National Credit Union Administration will not conduct onsite exams as the industry grapples with the fallout from the coronavirus pandemic. The regulator said Monday in a letter to credit unions that it was “limiting [...]
America Saves Week is a weeklong event that occurs annually in February and a national call to action encouraging Americans to review their financial habits and make a commitment to saving. The program also advocates [...]
You may be surprised by the answer. As a marketing professional, I tend to notice advertisements and digital marketing more than the average person. Working for a company focused on expanding credit unions to reach [...]
You asked, you received. NCUA and FinCEN issued guidance for credit unions and other financial institutions concerned about the effects of COVID-19. Additionally, NAFCU received some clarification from the Federal Reserve on reserve requirements and [...]
Being stuck at home for an indefinite amount of time can be a real bummer for anyone who’s anticipating the cabin fever that is to come. As bad as you might find it, it [...]
