Economic Update examines COVID-19 impact on CU members

CUNA’s latest Economic Update video addresses the impact of the coronavirus disease (COVID-19) pandemic on consumer financial well-being and credit unions’ response.

During the presentation, CUNA Senior Policy Analyst Samira Salem discusses recent Morning Consult and CUNA/American Association of Credit Union League survey findings.

The Morning Consult survey results include information on the following:

  • How have consumers been financially impacted by the pandemic?
  • How are adult consumers coping financially?
  • What kinds of support would they find most helpful at this time?

Salem also looks at the results to date of an ongoing CUNA/American Association of Credit Union Leagues survey on how credit unions are responding to support their members’ financial well-being during the pandemic. She finds that credit unions’ pandemic responses line up with consumer financial needs identified in the Morning Consult survey. These include:

 

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