CUs respond to COVID-19 by working to meet members’ needs
As communities across the country grapple with effects of the coronavirus (COVID-19) pandemic, America's credit unions will continue to be here, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices Wednesday. CUNA highlighted credit unions’ response to the crisis in a letter to several Senators Tuesday, and continues to engage with Congress, the administration and regulators, including NCUA and the Consumer Financial Protection Bureau.
“From Miami to Seattle, credit unions are extending low- and no-interest loans, offering fee-free loan deferrals, and finding other individualized solutions that help ensure those facing financial disruptions due to COVID-19 can keep the lights on, keep food on the table, and maintain a secure financial future once the country makes it through this emergency,” Donovan wrote, noting credit unions’ response to recent events like last year’s government shutdown and the Great Recession.
“We're here for your constituents as they weather COVID-19, and we'll continue to be here for generations to come, because that's what it means to be people helping people,” Donovan added.
To share how your credit union is meeting employee and member needs amid the COVID-19 pandemic, please click here.