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NY Fed: Credit Applications, Acceptances Plunge During Pandemic

PYMNTS

Many people began to think long and hard about using credit when they were unsure if they'd have financial stability with the mass layoffs and virus shutdowns. Credit union service organization (CUSO) PSCU noted that there had been a 28.9 Debit card spending, however, was up.

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PenFed’s Playbook On Helping Government Workers Survive Shutdowns

PYMNTS

From cannabis legalization to the federal shutdown, government actions are reshaping financial circumstances for consumers and businesses alike. How PenFed Kept Financial Doors Open During the Government Shutdown. During the recent 35-day government shutdown, CUs like D.C. To read the full Deep Dive, download the Tracker.

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For Credit Unions, Doing The Right Thing Is Also Doing The Smart Thing

PYMNTS

While CUs have never dealt with anything quite like this or at this scale, they have been on the ground for wildfires in California, hurricanes across the southeast and the government shutdown a year ago that resembled the current crisis in many key ways.