The following is a constantly growing index of resources for Michigan credit unions during COVID-19, including operations messaging, conference updates and more utilities from federal and state organizations.
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- Families First Coronavirus Response Act
- CARES Act Credit Union Specific Information
- HEROES Act
- MCUL Letter to Congressional Delegation on Hardest Hit Fund and SBA PPP
We've pulled together a list of Michigan's Executive Orders during the coronavirus pandemic that are specifically affecting credit unions.
A Plan to re-engage Michigan's Economy
Free series to address relevant compliance challenges you are facing in this pandemic delivered in brief videos (under 15 minutes). The videos cover a range of topics - from helping with member needs to getting the credit union back on track after the storm passes.
The Compliance Cares Training Kit
A 25-minute shareable training video that will allow credit unions to purchase and forward the resources to all staff, even those still working remotely without the need to log each employee into eAdvisory.
- Training Guide and Checklist – the guide walks employers through:
- Best practices – transitioning staff back to work
- Onsite training checklist – a guide to help managers reinforce the training outlined in the video, with detailed instructions and a checklist to keep track of progress
- Resources – A compilation of both CDC and OSHA resources to use with staff to ensure a consistent approach to a safe and healthy workplace
League Infosight put together a sample Remote Work Risk Assessment that credit unions can customize when assessing your own remote work situations.
There are many critical issues as a result of the COVID-19 pandemic, and credit unions can be helpful in providing relief solutions to address both immediate support needs and long-term economic challenges.
The Michigan Credit Union Foundation (MCUF) wants to support and amplify those credit union community outreach initiatives. And to do so, the MCUF board has authorized additional funding in 2020, with a streamlined application and approval process for quick and easy access to funds.
Requests for MCUF Community Crisis Support Funds will be quickly approved and funded to provide supplemental or matching funds for credit union community initiatives that support the financial health of families, businesses and communities in Michigan.
Funds are available to supplement initiatives and activities such as:
- Food distribution support to needy families, community groups or food banks
- Delivering meals from local businesses to essential workers, seniors, community support organizations
- Providing educational resources, tools or technology to increase educational access in low-income areas
- Distribution of essential health care products produced by local manufacturing facilities
- Match for credit union or member gift card purchase from local businesses to donate to frontline workers or food banks; gift cards can be purchased from the Support Local platform while staying in place
- Longer term support for the financial health challenges of families, businesses and communities
For more information and to apply, complete the MCUF Community Crisis Support Fund Request.
As people across Michigan are seeking stability during these uncertain times, the Michigan Credit Union League is harnessing the CU Link campaign to calm and offer reassurance to the state’s 5.5 million members. Utilizing the talent of fellow Michigander Mitch Albom, CU Link ads are now focused on promoting the safety and security that credit unions provide. This series of ads will begin running March 27 through June 30, 2020.
Additionally, we wanted you to have the following video links for your immediate social media and digital advertising use. Whether with this message, or one of your own, it is important that credit unions, individually and cooperatively, calm members’ concerns during these particularly troubling times.
- YouTube Links:
- Downloadable Social Media Ready Files
The MiMortgage Relief Partnership was created with more than 200 of Michigan’s financial institutions to recognize and expand upon the measures that these institutions have been taking to assist customers to ensure that no one experiencing financial hardship due to COVID-19 will lose their home during this public health crisis. For many homeowners with mortgages, there’s help. Click on the Consumer's Guide to Coronavirus Mortgage Relief link below for detailed information.
Feel free to share these resources with your members by directing them to our Consumer's Guide to Coronavirus Mortgage Relief at CULinkmichigan.com or by using these downloadable social media ready videos.
To keep you connected and informed during this current uncertain time, MCUL has put together a series of educational webinars. Each is led by industry experts and is free to MCUL-affiliated credit unions.
As we are all dealing with the challenges presented by the spread of the COVID-19 (Coronavirus), the MCUL will be making some schedule changes to upcoming events.
I’m sure you understand that this is being done in order to play our part in the containment strategies being followed by so many public and private sector organizations, including credit unions.
Click here to visit our COVID-19 Conference and Event Updates page for the most recent information regarding our current event schedule.
During COVID-19, Michigan credit unions are taking preventative actions to limit the spread of the virus and are prepared to adapt as conditions continue to change.
Head over to our Credit Union COVID-19 Support Programs to see a is a list of the Michigan credit unions, their available options and any other offerings during the pandemic. This page will be updated as changes occur. If your credit union has a special offer to add, please email us.
- COVID-19 Policy Guidance
- External Communications Best Practices
- Beware of Scams
- COVID-19 State/Federal Health Updates and Information
- COVID-19 Teller Plexiglass Implementation Example Photos