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Just over 40% of respondents with private student loans said they had worked with their lenders to come up with a plan for reduced payments.
April 28 -
With its "people helping people" mindset, the industry is uniquely positioned to serve consumers who are suffering during the pandemic. Credit unions need to capitalize on this.
April 28
PenFed -
The credit union regulator is making $125,000 in funding available for small, low-income lenders designated as minority depository institutions.
April 28 -
Many businesses are turning to the popular videoconferencing platform to stay connected to employees, but institutions need to think about measures they can take to utilize it safely.
April 28 -
The New York-based credit union is set to absorb Hudson River Financial FCU and Columbia-Greene FCU following charter conversions at those institutions. Sunmark has picked up at least two other small CUs within the last 18 months.
April 27 -
The latest version of the business lending initiative has $60 billion set aside for smaller lenders, including credit unions, but there are concerns the money will be allocated just as quickly this time as it was during the first round.
April 27 -
Michael Baker will become president and CEO of SAFE Federal Credit Union in May while the institution's current leader, Darrell Merkel, plans to retire this summer.
April 27 -
A credit union-specific liquidity backstop is far less popular than other options such as the Federal Reserve's discount window. The National Credit Union Administration wants to change that.
April 27 -
Credit unions can build trust within their communities by providing clear and consistent communication as the pandemic causes economic anxiety.
April 24
Total Expert -
Members of Andigo Credit Union in Schaumburg, Ill., have approved a proposed merger into Consumers Credit Union in Gurnee, Ill.
April 24 -
The Tempe Small Business Emergency Loan Program will provide $1 million to help area companies weather the coronavirus.
April 24 -
Plans to update agency branding and other materials are on hold as the credit union regulator focuses on its response to the coronavirus.
April 24 -
The industry has always been somewhat reluctant to participate in Small Business Administration lending, but that could change if the agency manages the Paycheck Protection Program well going forward.
April 24 -
Bank trade groups from all 50 states have called on Congress not to lift restrictions on member business lending under the guise of aiding with coronavirus relief efforts.
April 23 -
The value of serving a specific employer or a limited field of membership has diminished over the years. COVID-19 is just the latest crisis that shows how dangerous this concentration can be.
April 23 -
The credit union regulator created its Office of Ethics Counsel after two high-profile incidents tarnished the agency's reputation.
April 22 -
The four-year project aims to track the ways consumers make and manage their money, which have been dramatically altered by the global pandemic.
April 22 -
The largest credit union in the world increased its provision by 28% from a year earlier.
April 22 -
The House is expected to vote later this week on the bill expanding emergency relief for small businesses reeling from the effects of the coronavirus.
April 21















