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All of the news, information and analysis surrounding COVID-19's impact on the entire credit union industry.
Can credit unions overcome "legacy systems" to meet a new demand for digital banking?
Enrollments in the P2P platform Zelle increase at "more than double-digit rates above average" since early March.
"Giving priority to smaller loans will ensure that small businesses in our states have a fair shot at receiving PPP funds."
In a letter, Chairman Hood asks credit unions about forbearances and other COVID-19 programs.
CUNA and NAFCU have made the same requests to the CFPB. It's unclear if or when the automated calls could begin.
The move comes amid complaints that large lenders have had a much easier time gaining access to the SBA lending portal.
"This election is still an opportunity for credit unions to make their voices heard."
CUNA Mutual forecasts a 25% peak this summer, falling to 15% by the year's end.
"Quite simply, it is taking too long to submit loans and get these funds where they need to go."
In the third part of Direct FCU's Core Conversion Adventure, learn how the CU's early conversion project decisions has helped it navigate an unstable time period.