Coronavirus Archives

Don’t forget about the future

Don’t forget about the future

The world we're currently operating in makes it difficult to look past the end of the week. Our businesses have been disrupted by the coronavirus pandemic. New issues and concerns arise almost daily. We've all [...]

Retail sales plummet in March

Retail sales plummet in March

"Retail sales plummeted [in March] as the effects of COVID-19 shutdowns reverberate through the economy," said NAFCU Chief Economist and Vice President of Research Curt Long in a new NAFCU Macro Data Flash report. Total [...]

6 tips to handling long-term remote work

6 tips to handling long-term remote work

Many of us are closing out nearly a month of remote work and weeks of state-mandated ‘shelter in place’ orders. COVID-19 continues to impact work routines as remote work or social isolation measures were enacted [...]

NCUA outlines teleworking risks to CUs

NCUA outlines teleworking risks to CUs

Following NAFCU's discussion last week with the NCUA on its view of managing cybersecurity and privacy risks amid the coronavirus pandemic, the agency Tuesday issued a risk alert for credit unions deploying remote work policies. [...]

Appraisals for closed-end loans during the COVID-19 times

Appraisals for closed-end loans during the COVID-19 times

Section 722.4 of NCUA’s regulations sets forth minimum requirements for appraisals when one is required for a loan. Recently, the compliance team at NAFCU has received some questions from members inquiring about appraisal [...]

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