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.

WOCCU Advocacy Releases Credit Union COVID-19 Regulatory Guide

WOCCU released it’s COVID-19 Guide for Credit Unions focused on bringing together responses by the international standard setting bodies, prudential authorities and other operational recommendations focused solely on the credit union industry. 

Pertinent topics include capital standards, accounting issues, IT concerns, designation as "essential" and other regulatory challenges faced by credit unions navigating the pandemic.

The Credit Union COVID-19 Guide to Regulator and Operational Responses can be viewed here.

A Spanish-language version of the guide can be found here.