MADISON, Wis.–The World Council of Credit Unions has released a COVID-19 Guide for Credit Unions it said is focused on bringing together responses by the international standard setting bodies, prudential authorities and other operational recommendations focused solely on credit unions.
WASHINGTON — Credit unions looking to work with Congress to make changes to the Paycheck Protection Program or to ensure CU interests are protected in any phase IV stimulus plan have a new challenge: Half of Congress isn’t returning to Washington as planned.
MADISON, Wis.–The early effects from the coronavirus pandemic cannot yet be seen in the latest report and forecast from CUNA Mutual—but it can be seen in the forecast for what’s ahead. Indeed, the report urges CUs to prepare for the lowest yield-on-assets ratio in history.
WASHINGTON — Republican leaders in Congress are expressing initial support for some sort of “shield” to protect businesses from a wide range of lawsuits that could result from reopening a business during the coronavirus pandemic.
MILTON, Fla.–An accounting firm here has filed a proposed class action alleging two banks, and perhaps others, violated the intent of Congress when they declined to pay agents such as itself for helping small businesses apply for loans under the SBA’s Paycheck Protection Program from the fees the government paid the banks.
ALEXANDRIA, Va.–The credit union community entered into the coronavirus pandemic in a strong position, but there is a much more challenging environment ahead than many CUs have ever faced, according to one NCUA board member.
HAUPPAUGUE, N.Y.–Credit unions continue to provide a wide variety of community and member support during the coronavirus pandemic.
INVER GROVE HEIGHTS, Minn.–A group of classmates from CUNA Management School’s class of 2020 along with credit unions across four states have created the “#weCUgrads Challenge,” and they are now challenging other credit unions to join them in a national effort to celebrate 2020 graduates through social media.
WASHINGTON—While the Small Business Administration has reopened applications for its Paycheck Protection Program—and deal with many of the same glitches as the first round of the program—NAFCU is reminding credit unions seeking to participate there are several updates for credit unions to be aware of.
WASHINGTON–A group of Democrats in Congress want the Small Business Administration to reserve an additional $10 billion as part of its coronavirus relief programs for lenders that serve minority and rural communities.
