In the current economic environment, credit unions are facing a future that is extraordinarily difficult to predict. Regardless of size or geographic location, they are all wrestling with a range of unanswered questions, including:

• Will there be a significant resurgence of COVID?
• Will the reopening of schools succeed or fail?
• Will the economy spiral down or quickly rebound?
• Will the presidential election create additional challenges?
• Will commercial and retail loan forbearance turn from temporary non-payments to delinquencies and charge-offs?

Without a doubt, these are the most extraordinary, and perhaps most frightening times the financial service industry has ever experienced. However, that doesn't mean there aren't viable strategic options for those institutions that are willing to evaluate conditions, identify a reasonable course of action and seize the day.