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We’d like to feature a credit union that is going above and beyond in a time of crisis. In April, we featured Wyoming-based Reliant FCU and how they are doing everything in their power to keep their locations available to guest members. This month, I was tipped off that Alabama-based Gulf Coast FCU is offering their employees hazard pay, and determined to have zero staff layoffs and salary cuts. I was curious to learn more about this unique situation, so I reached out to David LeNoir, President/CEO of the $41M credit union who is an outsourced accounting client of ours. He kindly took an hour of his time, waist deep in the middle of the pandemic (interview took place April 16th, 2020) to chat with me. Let’s dive in.
Check out this article written by a branch manager at Denver Community CU, a $346M credit union with five branches around the Denver, CO metro area. We can heartily say the author's thoughts resonate deeply; the concept of "six-feet" will forever be imprinted on our psyche. Branch managers, tellers and COOs, our hearts go out to you during these times! Have a read for a well-needed chuckle.
Disclaimer – New information is being provided on a daily basis regarding the pandemic, the economic stimulus money, expectations of regulatory agencies, etc. The following questions and answers are based on the information available to us at this time. As more information becomes available, these answers may change.