Coronavirus (COVID-19) Updates

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From Credit Unions, For Credit Unions

World Council created this page as a resource for the latest Coronavirus (COVID-19) news, information and recommendations specifically relevant to credit unions across the globe. All of the content is provided by World Council, its members, or their affiliated credit unions and financial cooperatives. To share information from your organization on this page, please email us at communications@woccu.org.

Amid COVID-19 Crisis, U.S. Credit Unions Providing CU Difference for Members

Credit Union National Association (CUNA), United States, is documenting how U.S. credit unions are helping members during the COVID-19 Pandemic.

As communities across the country cope will the coronavirus disease (COVID-19) pandemic, credit unions in every U.S. state are working with members to help consumers stay financially healthy during this emergency.

Documenting the state-by-state efforts of credit unions, AmericasCreditUnions.org has been re-launched, with details from U.S. credit unions who have shared how they are helping through the CUNA/League survey.

According to survey results as of March 24:

  • 92% of credit unions surveyed are offering loan modifications and fee waivers;
  • 78% have created new loan products to meet members’ pressing needs; and
  • 30% have made donations or otherwise aided community organizations.

Credit unions are also sharing individual member stories and charity donations on social media using #CUDifference.