COVID-19 Resources & State Guidance

NASCUS continues to monitor Coronavirus developments through daily news reports and government agency communications.  We are engaged with Federal authorities and participating in ongoing communications pertaining to this issue.  In addition, we are keeping all regular lines of communication open with our state regulatory agencies and will continue to provide relevant updates as they become available.

As of March 27, 2020

State Guidance

ALABAMA

• Guidance for Credit Unions on Pandemic Planning and Expectations
• Alabama Banking Department Statement on FIs Working with Customers Impacted by Coronavirus

CALIFORNIA

• Guidance to Help Californians Experiencing Financial Hardship Because of COVID-19 Pandemic

COLORADO

• Business Response and Continuity Plans

CONNECTICUT

• Connecticut Guidance on COVID-19-related Issues

FLORIDA

• Guidance to Florida State-Chartered Financial Institutions Regarding COVID-19
• Update to Florida State-Chartered Financial Institutions Regarding COVID-19

GEORGIA

• Georgia State-Chartered Financial Institutions Closure Procedures
• Closure Notifications

IDAHO

• Temporary Guidance on COVID-19

IOWA

• Iowa Division of Credit Unions Memo
• Iowa COVID-19 Annual Meeting Requirements
• Iowa Limitations on Services

KANSAS

• Temporary Office Closures & Relocations due to Coronavirus Pandemic
• Pandemic Planning
• Annual Meeting Postponement
• Coronavirus Resources

KENTUCKY

• Department of Financial Institutions Recommendations to State-Chartered Financial Institutions

MARYLAND

• Statement on Financial Institutions Working with Customers Affected by the Coronavirus and Regulatory Assistance

MASSACHUSETTS

• Statement on Financial Institutions Working with Customers Affected by the Coronavirus and Regulatory Assistance

MAINE

• Statement on Financial Institutions Working with Customers Affected by the Coronavirus and Regulatory Assistance
• Branch Closure Communication
• Loan Guarantee Program for borrowers affected by COVID-19

MICHIGAN

• COVID-19 (Coronavirus): Information for Michigan Consumers and Businesses on Financial and Banking Services
• Letter to Credit Unions regarding Disaster Recovery and Continuity of Operations Planning
• Department of Insurance and Financial Services Strategies to Mitigate the Impact of COVID-19
• Request for Information from Credit Unions

MINNESOTA

• Emergency Closings Related to COVID-19
• Statement on Financial Institutions Working with Customers/Members Impacted by COVID-19  
• Stay at Home Order – Credit Unions Essential

MISSISSIPPI

• Pandemic Memo to Credit Union Managers

MONTANA

• Statement on Credit Unions Working with Members Affected by the Coronavirus and Regulatory Assistance
• Proclamation Permitting Credit Unions to Close 
• Notes from Montana Credit Union Network Call with MT Commissioner Melanie Hall & NCUA Regional Director Cherie Freed 

NEBRASKA

• Depository Office Closure Form
• Guidance to Credit Unions – Annual Meetings
• Nebraska Department of Banking and Finance Summary FI Guidance

NEW MEXICO

• Temporary Regulatory Guidance regarding meeting changes during COVID-19 pandemic

NEW YORK

• Order Granting Temporary Relief to COVID-19 Affected Regulated Entities and Persons
• Support for Businesses Impacted By COVID-19
• Financial Risks
• Operational Preparedness
• Guidance to Mortgage Servicers Regarding Support for Borrowers Impacted by the Novel Coronavirus 
• Guidance to Financial Institutions Regarding Support for Consumers and Businesses Impacted by the Novel Coronavirus

NORTH CAROLINA

• North Carolina Credit Union Department Letter to Credit Unions
• North Carolina Credit Union Department Questionnaire

OREGON

• Oregon Letter to Credit Unions on COVID-19

TEXAS

• Credit Union Department COVID-19 Guidance
• Pandemic Resources and Considerations
• Coronavirus (COVID-19) Emergency Declaration

UTAH

• Statement on Credit Unions Working with Members Affected by the Coronavirus and Regulatory Assistance

VERMONT

• Statement on Financial Institutions Working with Customers Affected by the Coronavirus (COVID-19) and Regulatory Assistance

WASHINGTON

• Financial Resources for Washington Residents Impacted by COVID-19
• Notice of Closures
• Virtual Annual Meetings
• Real Estate and Mortgage Guidance – Stay Home, Stay Healthy Proclamation (20-
  25)

WISCONSIN

• Letter to Credit Unions Reiterating FFIEC Guidance
• Letter to Credit Unions on Remote Examinations and Telework
• Letter Exempting Credit Unions from Mass Gathering Prohibition

Federal Resources

FEDERAL LEGISLATION

• Coronavirus Aid, Relief and Economic Security Act (CARES Act, S.3548

NATIONAL CREDIT UNION ADMINISTRATION (NCUA)

• NCUA and FBAs Highlight Coordination and Collaboration of Efforts to Address COVID-19
• LTCU 20-FCU-04 Responsible Small-Dollar Lending in Response to COVID-19
• LTCU 20-FCU-03 Identification of Essential Critical Infrastructure Workers During COVID-19
• LTCU 20-FCU-02 NCUA Actions Related to COVID-19 – Annual Meeting Flexibility (Federal Credit Unions Only)
• LTCU 20-CU-02: NCUA Actions Related to COVID-19 
• NCUA: Urgent Needs Grants Available to Help Credit Unions Affected by COVID-19
• NCUA Release: Deposits Are Safe in Federally Insured Credit Unions
• 08-CU-01/ December 2007

CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)

• Protecting yourself financially from the impact of COVID-19
• CFPB Provides Flexibility During COVID-19 Pandemic

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)

• Statement on Financial Institutions Working with Consumers Impacted by Coronavirus
• FAQs for Bank Customers Affected by Coronavirus Disease 2019

TREASURY

• Financial Services Sector Critical Infrastructure Workers

SMALL BUSINESS ADMINISTRATION (SBA)

• SBA Disaster Assistance in Response to the Coronavirus

FINANCIAL CRIME ENFORCEMENT NETWORK (FinCEN)

• FinCEN Encourages Financial Institutions to Communicate Concerns Related to the Coronavirus Disease 2019 (COVID-19) 

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL (FFIEC)

• FFIEC Pandemic Guidance 

DEPT. OF HOMELAND SECURITY: CYBERSECURITY & INFRASTRUCTURE SECURITY AGENCY (CISA)

• CISA COVID-19
• Financial Services Sector Critical Infrastructure Workers

CENTER FOR DISEASE CONTROL

• CDC Coronavirus Information
• CDC Preventing COVID-19 Spread in Communities
• CDC State and Local Government Planning