How do you grow business during a pandemic?
Not to mention sinking oil prices, rising unemployment and a trade war with China. It’s enough to depress every credit union or community bank executive. As Jerome Powell, Federal Reserve Chair, said recently, “This is the biggest economic shock, in the U.S. and world, really, in living memory. We went from the lowest level of unemployment in 50 years to the highest level in close to 90 years, and we did it in two months.”
While it may seem counterintuitive, you can grow your credit union or community bank during a pandemic. But that growth will not come naturally or on its own.
Rather than panicking or pausing, you must be proactive.
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