How your credit union can prepare for the coronavirus

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The news concerning the possible spread of the novel coronavirus (COVID-19) in the United States can be unsettling. While the full domestic impact remains to be seen, credit unions can take proactive measures by anticipating possible business impacts, calculating potential responses and reviewing emergency preparedness plans.As the situation unfolds, credit unions may want to analyze and test their possible responses to some of the potential social and market impacts.Potential Market Impacts:Decreased branch and ATM trafficPossible interruption or reduction in paychecks for some members (disrupted supply chain/fewer work hours/closings)Delayed demand for traditional auto and mortgage loansInitial spike and later decline of in-person retail shoppingIncreased online buying and delivery of goods and groceriesTravel and entertainment sectors might see declines in attendance and spendingDeposit balances might increase as a net result of the above and stock market volatilityFederal Reserve intervention – additional liquidity and reductions in the federal funds rateAdditionally, it could be helpful to remind your members about some of the built-in advantages of credit union membership, particularly your payment vehicles.last_img read more

“Time will tell”: Black Stars head coach on the possibility of selecting Sulley Muntari, K.P Boateng

first_imgHead coach of the Black Stars of Ghana, Charles Kwablan Akonnor is not ruling out recalling Sulley Muntari and Kevin-Prince Boateng to the national team.The duo were both kicked out of the Black Stars camp back in 2014 during the World Cup hosted in Brazil and have both not earned call-ups since then.Muntari was reportedly dismissed after he got physical with a member of staff, while Boateng was kicked out after disrespecting Coach Kwesi Appiah.In an interview on Starr FM, the 46-year-old head coach says time will tell if the duo will be recalled into the national team during his tenure.“I met Sulley Muntari some few weeks ago and I was honestly impressed with what I saw him do with the ball but time will tell. With Kevin-Prince Boateng too, time will tell. I know he is doing well and he will return to Italy. So we are keeping track of him and we will see”.last_img read more