The actions include cutting the federal funds rate to between 0% and 0.25% and other steps to ease economic stress from the spread of the coronavirus.

At least seven states have suspended K-12 classes, meaning many CUs with student-run branches won’t be able to operate those facilities as educational tools during that time. More industry events have also been called off.

Facebook and other social media platforms are a powerful way to connect members and loan officers, but lenders must ensure they first have a culture of compliance.

The Biloxi, Miss.-based institution has been adding branches and entering markets and now has absorbed Mississippi Farm Bureau Employees Credit Union.

The agency will be tasked with providing $50 billion in loans to small businesses harmed by the pandemic. It is unclear whether the SBA will need help from banks and CUs.

More than six industry events have been cancelled or put on hold in five days, with more likely to follow.

Credit unions intensified their focus on gathering deposits in 2019 but many institutions are still looking for cheaper core funding.

The National Association of State Credit Union Supervisors expects to hold the conference later this year but a specific date has not yet been set.

Blair Korschun, who has led CU Direct Connect since 2011, will take the helm at Christian Community Credit Union later this month.

As the pandemic spreads, credit unions must take steps to make branches safer for members and staff. Here's how.

The annual CULytics conference on the Microsoft campus outside Seattle is the second industry event to be postponed in less than a week.

There may only be so much institutions can do if the outbreak affects borrowers' ability to repay credit.

Tammy Heikkinen, who has led the institution since 2008, will stay on until her successor joins the credit union.

The Consumer Financial Protection Bureau will have a busy week starting with Director Kathy Kraninger testifying before lawmakers on Tuesday.

The annual payments event is the first credit union event to be cancelled due to concerns surrounding the outbreak.

The agencies recommend steps financial institutions should take to proactively prevent disruption of operations, minimize contact between staff and consumers, and plan for how affected employees reenter the workplace, among other things.

The credit union regulator’s Office of the Inspector General outlined two former employees’ alleged carousing during work hours, the second high-profile scandal to hit the agency in just over a year.

With prices rising rapidly and loan terms increasing, some institutions may want to consider adding a leasing option to their auto loan portfolio.

Rui Domingos, who was named as the Lexington, Mass.-based institution's president and CEO, has worked in the industry for almost three decades, most recently at Naveo CU in Somerville, Mass.

Membership growth is slowing and expenses are up. But it's not all bad news.