"The SBA's legacy technology systems were not fully equipped to handle the unprecedented level of applicants."

The NCUA can take steps outside of charging CUs a premium to restore the agency's equity ratio, NAFCU's Long says.

Senators reintroduce legislation enabling postal banking. It won't pass this year, but could resurface during the next Congress.

The Small Business Administration's guidance for lenders on PPP loan forgiveness is unclear and incomplete, the GAO says.

One major concern is it may take years for members "to recover from the economic consequences of COVID-19."

If the board adopts a restoration plan, it could include a premium to be paid by federally insured credit unions.

"Every lender must know that these loans are not worth more than $125,000."

NCUA Chairman Hood is concerned the CECL standard will have a negative effect on lending at smaller credit unions.