TOP NEWS STORIES

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CU Structure Diagram, PPP Update, Reopening Guidelines and More

The California Credit Union League has created a two-page diagram — "Credit Unions: Structure, Capital, Liquidity, and Economic Effects" — to help educate California assemblymembers and senators whenever the opportunity arises during this difficult period as credit unions continue serving their members.

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InfoSight NEW TOPIC: Remote Work;Telecommuting

new InfoSight topicRemote Work - Telecommuting, has been added to the Employment Channel. As more credit unions continue to operate and consider a future for remote staff and telecommuting, InfoSight has combined its resources on the topic for easier access. In addition, a Remote Worker Risk Assessment was also created and has been added as an additional resource on that topic. 

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Job Market Exposes Toughest Part of Members’ Recovery: Realignment

“Some job skills in demand last week could be out of style next week,” said John Hawkins as he reflected on how the Coronavirus pandemic is shaking up local labor markets. “Different states will have different dynamics, and there will be a lot of variations due to different industries.”

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Mike Poirier
Patelco CU Vice President of Consumer And Commercial Loans Mike Poirier

Patelco CU: Helping Small Businesses Tap Into PPP Funds

Editor's Note: This is an excerpt of an article that appeared originally on CreditUnions.com and features a roundup on the successes and challenges credit unions around the country faced trying to ensure business members could tap into Paycheck Protection Program funds. Below is Patelco CU's story: 

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NCUA Actions, President’s Order, FHFA, FinCEN, and HMDA

The National Credit Union Administration (NCUA) Board has issued one proposed rule and one interim final rule (IFR).

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AB 2501, CA Consumer Law, PPP, and Congressional Update

As the California Credit Union League remains committed to defeating Assembly Bill 2501 and protecting credit unions at all cost, the League worked to get the bill added to the Cal Chambers’ infamous Job Killer list. The annual list includes the worst of the worst when it comes to bills that will harm employers, and bills that are deemed a “job killer” have traditionally faced a steep uphill battle.

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Interagency Lending Principles for Offering Responsible Small-Dollar Loans

The federal financial institution regulatory agencies issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers’ short-term credit needs.

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