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All of the news, information and analysis surrounding COVID-19's impact on the entire credit union industry.
"In the current environment, consumers and merchants are looking for ways they can complete transactions safely and quickly."
One credit union official says during these times, "we're doing everything we can to help" members and the community.
New guidance from the IRS explains the tax consequences of PPP loans that are forgiven.
Chico Lusby, vice president of IT at CoastHills, hopes his story will inspire and support others suffering from the COVID-19 crisis.
Wescom Credit Union also plans to give $10,000 in gift cards to two other local hospitals in May.
Redstone Federal Credit Union and Alaska USA Federal Credit Union start the process of opening branches with restrictions in place.
An analysis of 10 early reports shows a spike in expenses and loan loss provisions at many large credit unions.
Without clarification, federally-chartered credit unions would be the only not-for-profits not eligible for the tax relief under the new law.
CUs should educate consumer and business members on best practices for sidestepping inevitable stimulus payment-related scams.
Recent community support efforts include deliveries of masks and food to first responders and caregivers.