Leagues foster collaborative solutions to threat

Credit unions are well-positioned to show leadership and to assist Americans affected by the crisis.

Credit union leagues throughout the country are helping their member credit unions find collaborative solutions to the COVID-19 threat.

Tom Kane, president/CEO of the Illinois Credit Union League, says he spends much of his day coordinating and communicating with member credit unions and state regulators as a “go-between.”

He says credit unions have questions about holding the annual meeting and board meetings virtually, and about limited lobby hours and loan modifications.

“There are a lot of questions about what credit unions can do for their members and employees,” Kane says. “Credit unions never figured they would shut down most of their direct member interactions and have most of their staff work from home.”

 

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