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WASHINGTON—Demand for funds from the second round of Paycheck Protection Program (PPP) loans appears to have slowed considerably.

RAPID CITY, S.D. – After watching a segment on the evening news related to the dire need for protective masks for medical care givers in Rapid City, S.D.,  Pam Brown-Graff, CEO of MED5 FCU felt compelled to move to action by combining the resources of the credit union with the heart and volunteer spirit of the members to help the community the credit union serves. 

WINSTON-SALEM, N.C.–  Truliant Federal Credit Union is having meals delivered from local restaurants to its employees as well as essential workers from businesses in its Triad and Charlotte-Metro region branch footprint.  

HANSCOM AFB, Mass.–The Hanscom Federal Credit Union Charitable Foundation, the philanthropic arm of Hanscom FCU, has donated $5,000 to the Massachusetts COVID-19 Relief Fund, which has raised a combined $25 million to date to support Massachusetts residents affected by the coronavirus pandemic.

ST. PETERSBURG, Fla.–Spending on credit cards continues to decline, while debit card spend continues to move in the opposite direction, according to the latest transaction analysis released by PSCU.

ARLINGTON, Va.–There is considerable uncertainty in Congress, including on when the House will officially reconvene, as a result of the ongoing pandemic, and that has left credit unions having to deal with a fluid situation on Capitol Hill.

MADISON, Wis.—Saying the COVID-19 crisis has further exposed the major disparity between credit unions that offer digital financial services and those that do not, the Worldwide Foundation for Credit Unions said it is looking to accelerate the digital transformation of credit unions worldwide through a new fundraising campaign.

WASHINGTON – The Consumer Financial Protection Bureau has issued a final rule covering remittances transfers.