Compliance: NCUA issues update on COVID-19 response

NCUA issued a letter to credit unions (20-CU-02) Monday outlining the agency’s actions related to the coronavirus (COVID-19) pandemic.

“The NCUA recognizes there may be other accommodations that could assist members and communities in responding to challenges associated with COVID-19,” the letter reads. “We encourage credit unions to consult with their respective NCUA regional office or state regulator regarding additional actions that may help address the situation.”

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