NAFCU launches coronavirus FAQs for CUs Posted by AVCU on 9:05 AM

As credit unions work to support their members, NAFCU has launched a new set of Frequently Asked Questions (FAQs) designed to address specific issues related to the coronavirus. The association also has a dedicated webpage with the latest developments and resources.

The FAQs cover a number of relevant issues, including:

• branch closures;
• corporate governance and federal credit union bylaws;
• operational challenges;
• NCUA examinations;
• helping members; and
• helping other credit unions.

Additionally, NAFCU's Regulatory Compliance team is publishing new Compliance Blogs every day in efforts to keep credit unions informed and up-to-date on the latest compliance trends in the wake of the coronavirus. Most recently, the team covered skipped payments on open-end credit and guidance from the NCUA and FinCEN. Sign up to receive them in your inbox every morning.

Have a specific question? NAFCU member credit unions have direct access to the association's award-winning Compliance Team via email or the compliance helpline for assistance with federal compliance issues.