Challenges to lenders making loans through the Paycheck Protection Program (PPP) persist, CUNA, the American Association of Credit Union Leagues and state Leagues wrote to Treasury Secretary Steven Mnuchin Tuesday.…
As the Treasury Department and Internal Revenue Service begin to disperse stimulus payments under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), anarticle from KrebsOnSecurity warns that the…
Here’s a scenario that may become more common as credit unions deploy remote workers as part of their COVID-19 pandemic response: A scammer looks up CU employees on LinkedIn and…
You, your employees and members have been bombarded with traditional and social media reports, speculation, facts, conjecture and outright mistruths for weeks now and the barrage is likely to continue.…
We continue to hear from credit union leaders that a chief concern among their members is the health and well-being of the credit union people who serve them. Several cooperatives…
Some credit unions historically have not served businesses, but may revisitthat decision from time to time. For credit unions that may be considering how to help businesses in their communities,…
How in the world am I going to work from home without losing my mind? Or, if you’re a leader...How am I going to help my team work from home…
One month into the coronavirus disease (COVID-19) pandemic, CUNA and Leagues have made progress to their goals to make sure they can serve members through the pandemic and recovery, CUNA…
The Treasury Department and Internal Revenue Service Friday launched a new web portal, the non-filer tool, to help those who don't normally file a tax return register for the stimulus…
Governing changes during crisis. Boards need to stay out of operational decision-making, yet they need to be aware of what is happening in the credit union. Awareness—even of bad news—is…
When Great Lakes Credit Union($886.2M, Bannockburn, IL) merged in tiny North Side Community Federal Credit Unionlast year, GLCU did more than assume approximately $9 million in assets, 3,000 members, and…
At first, the concepts of inclusion and social distancing seem contradictory. Despite today’s very real health need for us to keep physical distance from one another, psychologically – we need…
The compliance team has recently blogged about ways in which the current regulations permit credit unions to provide relief to affected borrowers during the COVID-19 national emergency: Mortgage Loan Modification…
Today’s Think|Chat session addressed a serious and relevant topic – assessing your business’s network security. Tim Foley conducted a virtual “chat” about the topic with Zachary Hill, CTO at Think|Stack.…
The NCUA board will discuss coronavirus disease (COVID-19) and real estate appraisal relief at its April 16 board meeting. The meeting will be open via live audio webcast only, and…
The Federal Reserve Thursday announced additional efforts to support the economy amid the coronavirus pandemic, including providing up to $2.3 trillion in loans to households and businesses of all sizes.…
For 15-year-old Lawndale High School student Deven A., growing up without a father or male figure in the home means dealing with insecurities and less guidance. “You have to learn…
The Federal Reserve continues to increase its unprecedented intervention into the American economy. Yesterday, it issued joint regulations with the Treasury and the FDIC permitting the Federal Reserve Banks to…
Leaders are important in so-called “ordinary” times. In times of crises—and amidst the sweeping changes brought on by situations like the current COVID pandemic—leaders are critical. Regardless of the department…
The coronavirus pandemic is putting our leadership skills to test. It's showing us the areas we're strongest in, and those that need some work. It's reminding us what's important in…
Small credit unions around the country are facing many of the same challenges, plus additional ones, during the coronavirus disease (COVID-19) pandemic, CUNA Manager, Small Credit Union Initiatives Tom Sakash…
NAFCU President and CEO Dan Berger and Executive Vice President of Government Affairs and General Counsel Carrie Hunt spoke with CFPB Director Kathy Kraninger and other bureau senior staff Wednesday…
Over the past few weeks, the COVID-19 pandemic has brought global and local economies to a screeching halt. In March, the Federal Reserve lowered short-term interest rates by a total…
As the coronavirus (COVID-19) pandemic continues, CUNA’s economists are closely following the situation. They recently discussed the economic and credit union impact of COVID-19 during the CUNA Managing Economic and…