Nov 4, 2020
The COVID-19 pandemic hit the US economy hard in the spring of 2020, yet many credit unions have yet to see the full impacts on their loan portfolios. While government stimulus and proactive steps by lenders have helped borrowers stay afloat, credit challenges are still likely on the horizon. Credit unions can prepare now by leveraging portfolio analytics to spot trouble before it arrives, and have the right processes in place for when it does.