The COVID-19 Recession and its Impact on Credit Unions

on "April 28, 2020 8:55 am"

Thu, Apr 30, 2020 8:00 AM - 9:00 AM HST. Last in a 2-part series brought to you by the CU Leadership Convention & sponsored by CUNA Mutual Group. All registrants will also receive video playbacks from Parts 1 and 2.

cm vert 4c nounitPart 2: Practical Financial Strategies for CU Leaders in the "New Normal"

One of the CU Leadership Convention’s Top-Ranked Speakers, Tim reveals how CUs can adapt to the dramatically changing economic conditions. Find out how to respond to the crisis as unemployment soars to levels not seen since the Great Depression, incomes decline, loan losses escalate and net interest margins dip to record lows.

You get:

  • Practical guidance to manage assets and deposits for better control of your balance sheet and capital.
  • Simple methods to monitor loans before they go bad and minimize losses.
  • Radical tactics to generate new loans & maintain net interest margins.

Part 1 (recorded Apr 23): Economic Outlook featuring CUNA Mutual Group’s Chief Economist Steve Rick

Find out how the COVID-19 Pandemic will impact the economy, the financial sector, the labor market, U.S. interest rates and ultimately credit union balance sheet and earnings performance through 2020 and 2021. Steve analyzes and establishes standards against which your credit union’s own performance can be measured.

Attendance is limited.

Register TODAY

About your speakers:

Tim Harrington, CPA, President, TEAM Resources 
Author, consultant and speaker Tim Harrington has worked with credit unions in 49 states, Canada, Jamaica, Mexico, the US Virgin Islands, Puerto Rico and the Dominican Republic. His progressive ideas and broad knowledge of CU issues has made Tim a valuable resource nationwide.

Steve Rick, Director and Chief Economist, CUNA Mutual Group 
Steve is an economic researcher, analyst and forecaster with an expertise in consumer markets and the credit union industry. Rick's forecasts are the starting point for strategic planning and understanding the links between the economy & CUs.