Change Is Often Fast Amid National Crisis
Friday, Apr 3, 2020
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Credit unions are member-owned non-profit organizations that exist to serve their members and staff. Designed to put consumers in the drivers’ seat of their financial institution, credit unions address the needs of members in a very unique, personal way. During times of national crisis, the community-centric work of credit unions, through countless hours of hard work, is invaluable to the members and communities we serve.
The credit union industry has adapted to the needs of its members and staff through numerous times of national crisis – and the current COVID-19 crisis is no different. Credit unions across Illinois are acting swiftly to accommodate the unique needs of their members while also putting preventative measures in place to help curb the spread of COVID-19. When the federal government made recommendations to limit crowds, credit unions like Community Plus Federal Credit Union quickly acted to cancel their annual meeting and shift it to a digital format. When recommendations were released to encourage social distancing, many credit unions like Alliant Credit Union, shifted to drive-up only service, while still offering unique solutions and individual appointments to serve the needs of their members.
The transition to life at home has proven to be a challenge for many Illinoisans, but credit unions have showed up in force to help alleviate financial worries during this trying time. Additionally, credit unions are communicating digitally with their members to ensure that members are up-to-date on the credit union response to COVID-19. Access Credit Union, among more than twenty others state-wide, have enacted immediate improvements to their email communication efforts to make important information immediately accessible to members. Multiple credit unions across the state continue to utilize social media to keep members informed and stay connected. The credit union industry will continue to honor the “People Helping People” philosophy as we navigate these unchartered waters together. Rest assured that even in these trying times, your credit union remains a trusted partner in ensuring your financial well-being. To ensure the security of your funds, all state and federally chartered credit unions maintain deposit insurance covering at least $250,000 per depositor, per account category – even in uncertain economic times. To learn more about the credit union difference, and to find a credit union near you, please visit asmarterchoice.org today.