PEACHTREE CORNERS, Ga.-- EXCEL Federal Credit Union recently distributed more than 110 care packs to members in need as part of the response to the coronavirus pandemic.
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HARRISBURG, Penn./HIGHTSTOWN, N.J.–Two state-level CU organizations have announced results of their board elections.
COUNCIL BLUFFS, Iowa—A credit union that recently switched to a state charter is now seeking to return to a federal charter.
SAN JOSE, Calif.–The videoconferencing solution Zoom, which has seen a surge in usage by numerous companies, including credit unions, during the work-from-home environment created by the coronavirus pandemic, is promising to improve its security after numerous vulnerabilities have been revealed and in some cases exploited.
EDMOND, Okla.–It isn’t just credit unions offering consumers assistance during the coronavirus pandemic. Citizens Bank here has introduced a CARES Overdraft Program in order to provide faster access to expected government relief checks.
BASEL, Switzerland–The Basel Committee on Banking Supervision has released technical guidance setting out additional measures to alleviate the impact of COVID-19 on the global banking system. The World Council of Credit Unions had been advocating for the updated guidance.
WASHINGTON–A potential phase IV federal stimulus package could include broad prohibitions on evictions of renters, a foreclosure moratorium, liquidity for mortgage servicers, $2,000-per-month checks to many Americans, and up to $1 billion in CDFI funds, according to a draft proposal circulating on Capitol Hill and provided to CUToday.info.
ARLINGTON, Va.—With 701,000 jobs lost in March, NAFCU Chief Economist and Vice President of Research Curt Long said that as forecasts worsen, "credit unions should be prepared for a bumpy and tepid recovery."
WASHINGTON—Only electronic methods guarantee the rapid disbursement of CARES Act funds to American families in a safe and secure manner, CUNA, NAFCU and other financial trade organizations wrote to the Treasury.
WASHINGTON–Both credit union trade groups say they are working to get answers to all the questions credit unions and others have around the just-launched Paycheck Protection Program, the $349-billion loan fund created by Congress.