Lending

A global payment network polls small and midsize businesses on how they are handling the coronavirus.

While the impacts of the 2020 downturn are yet to be seen, CUs are better-positioned to handle them than they were in 2007.

"There was very little lending that has happened, and we've seen very dramatic drops."

With new vehicle sales expected to fall by as much as 60%, now is the time for lenders to reevaluate their strategies.

"We expect savings growth to continue to grow faster than loan growth for the rest of the year."

The safe harbor repayment date with respect to earlier "economic certifications" made by borrowers has been extended by a week.