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Copyright © 2020 Callahan & Associates, Inc
Phone: 800-446-7453 | Email: [email protected]
Date: Thursday, May 14, 2020 at 2:00 PM ET
This decade is beginning in much the way as the previous one did — with consumers and businesses under financial stress. In times of economic uncertainty, households review their financial profile and partners. They did it 10 years ago and will likely do it now. But it is in times like these that the credit union difference shines through.
The coming months will more fully reveal the impact of the novel coronavirus on the world, the United States, and the credit union movement and its membership. Join Callahan’s Jay Johnson and Jon Jeffreys for Trendwatch on Thursday, May 14 at 2:00 p.m. ET to learn about credit union performance from the first quarter of 2020 and get a sense for early indicators of COVID-19 impact.
The changing impact and dynamics of the pandemic are presenting new operational challenges every day. Historically low rates are posing challenges for credit unions. Mortgage refinance activity is spiking, yet auto lending volume is dropping. Use of home equity lines and credit cards is up as members tap into credit sources.
During Trendwatch, in addition to a look at first quarter results, you'll also hear first-hand perspectives from credit union executives as they navigate this new reality.
Key takeaways include:
• What first quarter results say about the state of the industry today and what they imply for the rest of the year
• How credit unions are navigating the current crisis
• What credit unions are doing to respond to their members’ needs
Webinar Details: