Headline News

Last Chance: Register for LCUL's Virtual RoundTable with Industry Leaders

LCUL has gathered a strong delegation of participants for a virtual roundtable on Thursday, April 16 at 11:00 a.m. to discuss COVID-19 related issues, procedures, policies, and more. At this time, industry insiders will be available to provide updates as well as answer any questions you may have. Representatives from NCUA, LOFI, Adams & Reese (Baton Rouge/DC), and KRP Law Firm will all be on hand. 

There is no cost but registration is required.  Click here to register. 

Participants are encouraged to submit questions in advance by emailing support@lcul.com by 3:00 p.m. on Wednesday, April 15. 
Guidance for Credit Unions Accepting Federal Stimulus Checks & Payments for Deposit
As part of the CARES Act, the U.S. government has begun sending stimulus relief funds to millions of Americans. The funds are intended to provide a boost to the current struggling economy. 

NCUA Updates: Increase Grant Funding, Changes to Central Liquidity Facility
NCUA NCUA Increases Funding for COVID-19 Emergency Response Grants

Recognizing the immediate needs of credit unions and their members in the COVID-19 pandemic, NCUA is committing the majority of the 2020 Community Development Revolving Loan Fund appropriation for COVID-19 assistance. The agency is committing $1,375,000 for grants to eligible low-income credit unions, an increase of $575,000 from the $800,000 originally announced on March 31.

Eligible credit unions have until May 22 to apply for the COVID-19 emergency response grants through the NCUA's CyberGrants portal

NCUA board approves changes to Central Liquidity Facility

The NCUA Board unanimously approved, by notation vote, an interim final rule that enhances the ability of the Central Liquidity Facility to serve as liquidity backstop to the nation's credit union system. 

Business Solutions

How Credit Unions Can Stay Ahead of the Curve as Contactless Payment Use Rises Because of COVID-19