INFORMATION & RESOURCES ON COVID-19 | May 19, 2020
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This Tuesday afternoon eNews has the most recent developments, news, and resources that MCU staff have collected — things that won't wait for Friday's President's Report. If you've missed an issue,
the links
are on our website.
Governor Bullock is making an announcement this afternoon about the Phase 2 Reopening in our state. If you missed it, check the
Montana COVID-19 website
later today.
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GUIDANCE, UPDATES, AND INFO YOU CAN USE
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NEWS FROM WASHINGTON:
This week’s
Advocacy Update
from Ryan Donovan, CUNA's Chief Advocacy Office, provides an update on Phase 4 legislation, CUNA’s 2020 Advocacy Agenda, and the remaining work to help CUs during COVID-19. On Monday, Ryan also
wrote to
every Congressional office asking them to support legislation that would temporarily lift the MBL cap, which CUNA estimates will free up $5 billion for small businesses and create 50,000 jobs as communities start to recover from the COVID-19 shutdown.
NEWS FROM HELENA:
We continue to stay in touch with those who will be making decisions and laws that affect your ability to serve members. Last week Karen and I had a call with Rep. Katie Sullivan (HD-89) and Rep. Derek Harvey (HD-74) to discuss the great work Montana credit unions have been doing these past months to meet the needs of your members and communities. This week, we’ve been able to schedule two calls giving our credit union CEOs the chance to talk to NCUA Chairman Hood (on Wednesday) and Congressman Gianforte (on Friday). If you have questions about the calls,
contact me
for more details.
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COLLECT MEMBER STORIES VIA MAP
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While we're on the topic of advocacy …CUNA’s Member Activation Program (MAP) Community released two new templates you can download and use to collect stories on how your credit union has been helping during the COVID-19 pandemic. One template is
for your members
to share their stories and one is for your
staff and co-workers
. You can edit both templates to reflect the tone you use in your regular member communications. If you do reach out to members, please share your results with us — by collecting these stories, we’re able to remind lawmakers just how valuable not-for-profit credit unions are to local communities.
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PPP LOAN FORGIVENESS APPLICATION:
Last week, SBA and Treasury
released
the Paycheck Protection Program (PPP) Loan Forgiveness Application along with detailed instructions for borrowers to apply for forgiveness of their PPP loans. Still to come — SBA regulations and guidance that will better define lenders' responsibilities and further assist borrowers as they complete their applications.
HEROES ACT FEEDBACK:
CUNA
wrote to House leadership
last Friday offering feedback on the HEROES Act of 2020, the latest proposed phase of COVID-19 relief legislation. The House passed the latest round of COVID-19 stimulus legislation by a
vote of 208-199
.
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The MCUL Trust teamed up with some well-known experts to develop some mental health learning opportunities to help strengthen all of our credit union teams amid the COVID crisis and recovery. Below are the first two — we'll be making more available over the next several weeks. They're free to our members.
LET'S REDEFINE WELL-BEING:
Join
Dr. Laura Ciel
on May 28 at 10 a.m. MDT for her live webinar "Let's Redefine Well-Being."
Sign up
and learn more about an integrated framework you can use both personally and professionally to expand your well-being so you can thrive in (not simply survive)this current situation.
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OTHER EDUCATIONAL OPPORTUNITIES
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STORMING, NORMING & PERFORMING:
Don’t miss this panel discussion around safely working, adapting operations, and managing businesses under new and evolving conditions. The panel will feature Conor Smith, CEO of First Call Computer Solutions, Darci Parsons, CEO of Ravalli County FCU and our own Donya Parrish.
Register to join us
this Friday at 10 a.m. MDT.
COVID-19– IMPACTS TO CREDIT UNIONS, THEIR MEMBERS, AND THE COMMUNITIES THEY SERVE:
On June 10,
CU Times
Editor in Chief Michael Odgen will moderate a roundtable discussion as credit union executives from around the country discuss the immediate and shifting impacts and changes happening in their credit unions.
Learn more and register
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LIVING IN A COVID-19 WORLD:
The Federal Reserve Bank of Minneapolis and the Center for Infectious Disease Research and Policy at the University of Minnesota are hosting a virtual discussion (moderated by Tom Brokaw) with leading health and economics experts on Tuesday, May 26, from 11:00–2:00 p.m. MDT.
Visit the event website
to review the list of speakers (it's impressive) and register.
FREE EDUCATION RESOURCES ON MCUN.COOP:
Industry partners and speakers continue to create and share free resources for credit unions designed to help during the coronavirus pandemic. Be sure to
check this page often
to see what’s available now and what’s coming up.
FILENE RESOURCE HUB:
For the last 90 days, Filene’s focus has been on providing resources to help credit unions navigate the pandemic crisis. Their emphasis has been on three primary areas: people first, short-term lending, and physical and financial well-being. If you're just coming up for air and haven’t visited yet, you can access these resources through
Filene’s Resource Hub
.
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TOGETHER TUESDAYS from THE FOUNDATION
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Take a listen to Jim Nussle, CUNA president and CEO, in
this week's Together Tuesdays
from the National Credit Union Foundation. Jim Nussle describes how inspiring he finds the ingenuity throughout our movement. Ingenuity that is proving how essential credit unions are as financial first responders, even as we are facing the most difficult times since credit unions were created during the Great Depression.
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To make sure these important links stay at your fingertips, we're going to keep them at the bottom of this weekly email. If we introduce links above that we feel belong here, you'll see them in this list in the next issue.
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MONTANA-SPECIFIC RESOURCES
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This is an internal publication of Montana's Credit Unions intended for our affiliated credit unions and their official family. For more information, call us or visit our website.
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Montana's Credit Unions | 800-745-5547 | montanascreditunions.coop
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