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The coronavirus floating on top of downward economic charts. Source: Shutterstock.

The NCUA must provide more regulatory leeway to credit unions to help provide needed services to members as they weather the pandemic, CUNA and NAFCU officials said Wednesday.

“It may take years for consumers to recover from the economic consequences of COVID-19, social distancing, lockdowns and unemployment,” CUNA President/CEO Jim Nussle said in a letter to NCUA Chairman Rodney Hood on Wednesday. “Credit unions must dedicate the next several months and years to ensuring members have the necessary resources available to them as they recover from this crisis.”

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David Baumann


Credit Union Times

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