CUNA’s Credit Union System COVID-19 Restart and Recovery Task Force released its first industry outlook Tuesday to provide guidance and strategies for credit unions navigating the effects of the COVID-19 pandemic. Risk mitigation and the digitalization of financial services are two primary concerns facing credit unions in the current operating environment.
“Our team is committed to collecting and sharing resources that will help credit unions adapt to the current challenges facing financial systems,” said CUNA Chief Engagement Officer Greg Michlig. “In collaboration with our system partners, the Task Force will continue to assess both opportunities and risks to prepare credit unions for what has become the industry’s new normal.”
The October 2020 Industry Outlook provides insights and resources for credit union business continuity. Topics include:
The task force will provide an industry outlook on a monthly basis.