Recommended PPP Loan Documentation for Forgiveness
Guidance from the SBA has been relatively spotty, but that shouldn’t deter lenders from providing PPP loans. Many businesses need them to survive—and the extra loan income can help credit unions weather this recession!
Credit Union Recession Guide
As of this writing, the COVID-19 quarantine appears to have flattened the curve somewhat and discussions have shifted to how things will reopen. Many credit unions have been in crisis management mode for many weeks, and while they have felt the impacts on day to day operations with branch closures and remote workers, the financial […]
Auto Lending During and After COVID-19 – Webinar Recording
For those of you who attended, thank you for joining CU 2.0 and Loanify on our Auto Lending During and After COVID-19 webinar! In case you missed it, or you would like to watch the webinar again, check out the recording here:
How to Gamify Financial Literacy and Education for Youths
Financial education and literacy are problems that face most adults. And while it’s certainly important to teach them to better manage their money, why not start that education sooner? Teaching basic financial literacy to kids and teenagers ushers better prepared adults into the world.
SBA Loan Forgiveness: Eligibility Requirements and the Good Faith Certification
Paycheck Protection Program (PPP) loans aren’t a blank check. They can be used only for certain expenses like payroll, mortgage/rent, and other basic needs. And without following proper steps, they can’t be forgiven.
Comparing Epik and POTS IN A BOX for Credit Unions
Copper telecom will soon disappear, so upgrading to digital infrastructure is a must. There are many options for organizations looking to make that transition. One of the most cost-effective solutions is to simply convert Plain Old Telephone Service (POTS) to digital with a device like Epik or POTS IN A BOX…
Should Credit Unions Outsource Statements and Notices During COVID-19?
COVID-19 took North America by storm, and the U.S. is the heaviest hit in the world. To combat the spread of the coronavirus, many credit unions are encouraging remote work. Some have closed branches entirely.
The Best Way to Convert POTS to VoIP
In the next couple of years, AT&T and Verizon plan to begin sunsetting their analog telephone service. They’ll support only digital communications, and fiber will replace copper. This affects far more than a few rural, residential landlines, too. This change is a big one, and it has longstanding implications for major organizations like credit unions. […]
CU 2.0 Podcast Episode 83 Ron Shevlin, Again, on How to Win in Financial Services
Who will win: community banks or credit unions? War on. A keen observer is Ron Shevlin, diretor of research at Cornerstone Advisors and author of a new report, What’s Going on in Banking 2020. It’s a data rich report. Download it, read it. Shevlin was an early guest on the CU2.0 Podcast – Episode 21 […]
Replacement Strategies for Copper Telephone Service (POTS Sunset)
In 2017, the FCC gave the go-ahead to telecom providers to sunset their Plain Old Telephone Service (POTS) lines. In many states, the change has already begun. In others, the retirement of copper lines is just around the corner. AT&T and Verizon have plans to discontinue support for POTS lines across much of the country […]