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State Leagues Expanding Coronavirus Info & Resources for Credit Unions

FFIEC says it updated its pandemic planning statement, but no specifics are offered.

Coronavirus education efforts launched by credit union leagues, Coronavirus education efforts launched by credit union leagues. (Source: Shutterstock)

State leagues are delivering detailed information and resources to help credit unions manage through the coronavirus pandemic.

What’s more, the Federal Financial Institutions Examination Council said it has updated its guidance identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic. But the FFIEC did not specify what information has been updated in its 10-page Interagency Statement on Pandemic Planning, according to its March 6 press release. The previous update to the document was dated December 2007.

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