MADISON, Wis.–The Filene Research Institute said it is working to provide assistance to credit unions to “support their people and build their business resiliency during the COVID-19 crisis.”
Fresh Today
LAKEWOOD, Colo.–CU Service Network has made available a compliance resource document it created in response to new issues being created by the coronavirus pandemic.
CLATSKANIE, Ore.–Wauna Credit Union has implemented a “Hazard Pay for Heroes” program that pays employees a premium for coming to the office.
BOSTON–The president of the Boston Federal Reserve Bank isn’t as optimistic as many others are in forecasting an economic recovery from the coronavirus pandemic.
ATLANTA–Not surprisingly, a new survey has found nearly three-quarters of Americans have turned to digital solutions as a result of social distancing rules stemming from the coronavirus—although usage numbers are affected by income and education levels.
DES MOINES, Iowa –An Iowa credit union has become the first in the state’s history to use remote online notarizations (RONs) to close a mortgage loan.
WASHINGTON–The American Institute of CPAs (AICPA) is urging its members to work with businesses to participate in the federal government’s new Paycheck Protection Program.
WASHINGTON–With the new Paycheck Protection Program set to go begin receiving applications today, CUNA, NAFCU and the Defense Credit Union Council are saying numerous questions remain unanswered, including whether non-profit organizations such as CUs are eligible to also apply to receive funds.
MADISON, Wis.–Lending volume at credit unions will grow just 3% this year, yield-on-asset ratios could also fall to 3%, the lowest in credit union history, and ROA will likely decline to 0.5% in 2020, according to new projections from CUNA Mutual Group.
DUBUQUE, Iowa—To help credit union members financially impacted by the COVID-19 pandemic, the Iowa Credit Union Foundation is providing $500 grants to eligible individuals and small business owners.