NEW YORK–Credit unions participating in the SBA’s Paycheck Protection Program or just looking to which of their members are most at risk, may want to pay attention to two industries crucial to the U.S. economy that say they are not just being hit particularly hard by the coronavirus pandemic but also by federal rules: the restaurant and hospitality industries.
TRENTON, N.J.–Twenty-nine credit unions have signed on to participate in New Jersey Gov. Phil Murphy’s COVID-19 financial protection initiative, including mortgage payment relief.
MADDOCK, N.D.–North Star Community Credit Union has announced a $1-million bonus dividend payout to its members. The announcement comes as the credit union is also marking its 80th year anniversary.
NEWPORT BEACH, Calif.–The National Association of CUSOs (NACUSO) will host a webinar titled “Paycheck Protection Program Loans: A Panel Discussion by SBA-Certified CUSOs” on April 10. The webinar will begin at 2 p.m. ET.
ALEXANDRIA, Va.—CUNA’s Small Credit Union Committee conducted a call with NCUA Board Member Todd Harper to discuss the “unique challenges” being faced by small credit unions during the coronavirus pandemic.
WASHINGTON—The FBI has issued a new reminder that business email compromise (BEC) scams continue to a high risk to financial institutions.
CHARLOTTE, N.C.–Just days after the new federal government program was launched, a lawsuit has been filed against Bank of America for giving its loan customers a higher priority or for limiting access to the Paycheck Protection Program.
WASHINGTON–Like every other consumer and business in the country, credit unions have their fingers crossed the coronavirus pandemic and the related economic shutdown will end before summer. But one doctor is cautioning that while “semi-normal life” may return by Memorial Day, there’s a solid risk a second wave of coronavirus may hit the country later in the year.
HOUSTON–Dolphin Debit, a provider of ATM management services, said it is partnering with Customized Service Concepts (CSC), an ATM sales and service provider in New England, to offer financial institutions in the region a complete range of ATM options.
DENVER—With the coronavirus pandemic locking down much of the world, Western Union has introduced “Digital Location,” a service which enables users to send and receive money from their homes.
