The economic impact of COVID-19

<p>The coronavirus outbreak, while first and foremost a humanitarian crisis, will have a substantial financial impact on credit unions and their members. <br/><br/>While the extent of that impact isn’t clear, Mike Schenk, CUNA chief economist/deputy chief advocacy officer, says one approach will keep credit unions on the right track: Be flexible and continue to engage with and assist members to the best of your ability. <br/><br/>This episode of the CUNA News Podcast examines the potential impact of the pandemic on the economy, credit unions, and consumers; how near 0% interest rates will affect credit union operations; lessons from the Great Recession; and more.</p>