coping with financial stress Source: Shutterstock.

The COVID-19 recession officially started in February and the economic effects are still reverberating throughout the nation. This recession, with its peak unemployment at 14.7%, has already began to cut deep into your community and your members’ economic health.

This could easily be a time of panic for a credit union leader, but for those using data, this recession and its painful effects on your membership can be dulled. Data can turn a credit union’s products into a community resource rather than another economic hurdle for its members. This article will explore how a credit union leader can use data to predict member struggles so they may be addressed proactively, while also easing enterprise risk.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.