NCUA is hosting a webinar on March 24 about potential areas of credit risk resulting from the COVID-19 pandemic.

“COVID-19 has had a significant impact on the economy, credit unions, and their members,” NCUA Chairman Todd M. Harper said, “Going forward, the top priority for the NCUA will be ensuring that credit union members, the credit union system and the Share Insurance Fund are prepared to weather any economic fallout related to the pandemic. I encourage credit unions to take advantage of our webinar to learn more about how they can minimize potential risks to their balance sheets.”

Online registration for the “Pandemic-Related Credit Risks for Credit Unions” webinar is now open. The webinar is scheduled to begin at 2 p.m. Eastern and run approximately for 60 minutes.

Topics that will be covered during the webinar include:

• Credit markets’ status;
• Current federal regulations;
• What NCUA examiners look for;
• Suggestions on reporting risk to a credit union’s management and board; and
• Advice for proactively managing credit risks.