Phase 2 of the Paycheck Protection Program (PPP) portion of the CARES Act (aka, the “Coronavirus Aid, Relief, and Economic Security Act”) began on April 27th with some of the same hiccups that Phase 1 experienced (primarily difficulties with the…
Low Income Credit Unions Shine
A Gallup survey conducted last month asked credit union members, “In what way can your credit union support you and your family during this situation?” The most urgent needs cited were: Increase Peace of Mind. Provide the relief needed to…
Who’s Afraid of Ghost Malls? We All Are!
Commercial Real Estate (CRE) loans are comprised of multifamily (five or more) residential real estate, office buildings, shopping malls and most other structures that house businesses. All of which expanded along with the economy over the past several years. And…
We’re All Afraid of Ghost Malls
Commercial Real Estate (CRE) loans are comprised of multifamily (five or more) residential real estate, office buildings, shopping malls and most other structures that house businesses. All of which expanded along with the economy over the past several years. And…
Banks and Credit Unions Going Above and Beyond
In times like these, it’s important to highlight positive stories. To that end, we’d like to shine a brighter light on financial institutions that are going a step further, above and beyond the rest. For example: 5-Star OneAZ Credit Union,…
Bankers Going Above and Beyond
In times like these, it’s important to highlight positive stories. To that end, we’d like to shine a brighter light on financial institutions that are going a step further, above and beyond the rest. For example: 5-Star OneAZ Credit Union,…
An Economy on Hiatus
The majority of economic activity in the United States has been deliberately halted in an attempt to save lives. Nothing like this has ever been attempted and it could takes months to learn the effectiveness of the decision. Vital functions…
How Long Can an Economy on Hiatus Survive?
The majority of economic activity in the United States has been deliberately halted in an attempt to save lives. Nothing like this has ever been attempted and it could takes months to learn the effectiveness of the decision. Vital functions…
12 Years Later, Dodd-Frank Tested
No one could have predicted that a decade of expansion and employment growth would be wiped out in a matter of weeks. Yet, based on the record number of unemployment filings last week (3.28 million), that is exactly what’s happened.…
Twelve Years Later, Dodd-Frank Tested
No one could have predicted that a decade of expansion and employment growth would be wiped out in a matter of weeks. Yet, based on the record number of unemployment filings last week (3.28 million), that is exactly what’s happened.…