What Happens When a Lender's Borrowers All Lose Their Jobs at Once?

Almost a third of the nation’s credit unions are tied to a single employer, industry or other association. Those serving customers who have simultaneously suffered mass layoffs or furloughs due to the coronavirus pandemic are grappling with...

What Happens When a Lender's Borrowers All Lose Their Jobs at Once?
Almost a third of the nation’s credit unions are tied to a single employer, industry or other association. Those serving customers who have simultaneously suffered mass layoffs or furloughs due to the coronavirus pandemic are grappling with how to respond.