Federally insured credit unions looking for information to help them navigate the coronavirus (COVID-19) crisis can find resources and guidance via a new web page launched recently by the National Credit Union Administration (NCUA).
Plans to launch this resource page were noted briefly in a recent Letter to Credit Unions listing actions taken by the NCUA related to COVID-19. Other resources include the agency’s online FAQs about COVID-19, an interagency statement on pandemic planning, and, among other things, federal financial regulators’ statement urging banks, savings associations, and credit unions to meet the needs of those affected by COVID-19.
The above are linked below:
- Letter to Credit Unions, NCUA Actions Related to COVID-19 (issued March 16);
- NCUA FAQs Regarding COVID-19 (last updated March 18);
- FFIEC Statement on Pandemic Planning (opens new window) (issued March 6)
- Press Release: FFIEC Highlights Pandemic Preparedness Guidance (issued March 6)
- Press Release: Agencies Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus (issued March 9)
The NCUA page also includes links to resources via the Centers for Disease Control and Prevention (CDC) and other federal agencies.