CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » CUs sticking with members through pandemic, Nussle tells WaPo
Policy & Issues

CUs sticking with members through pandemic, Nussle tells WaPo

March 30, 2020
CoronaCDC

The economic impact of the coronavirus disease (COVID-19) outbreak will be felt for a long time, but credit unions are already working hard to help members meet financial needs, and will continue to do so, CUNA President/CEO Jim Nussle told the Washington Post this week for an article on how consumers can manage if their income is disrupted.

“We’re talking about huge levels of unemployment at this point in time, and that could last for a longer period of time than what people experienced during the financial crisis,” Nussle said. “If that’s the case, credit unions are going to stick with members and work through this with them.”

Nussle provided additional details on what credit unions are doing for members across the country, particularly as some banks are making it harder to obtain certain loans, during an appearance Sunday night on MSNBC.

CUNA also continues to urge credit unions to fill out its survey on how they are helping members during the pandemic. As of last week, the survey indicated:

  • 93% of credit unions surveyed are offering loan modifications;
  • 86% are waiving fees; and
  • 80% have created new loan products to meet members’ pressing needs.

KEYWORDS coronavirus
Credit Union Magazine - Winter 2020

Winter 2020

Credit Union Magazine’s Winter 2020 edition features CUNA’s 2021 lending outlook, CEO insights on adjusting to the pandemic, and board recruitment strategies.
Digital Edition •  Subscribe

Trending

  • NCUA proposes raising threshold for ‘complex’ CUs

  • Compliance: 2020 Year in Review, Checklist now available

  • NCUA’s 2021 supervisory priorities reflect COVID effects

Tweets by CUNA_News

Polls

Will you ask employees to receive the coronavirus vaccine?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors