Wednesday July 15, 2020

Credit union body proposes Covid-19 recovery bond

Credit union members could be a source of some of the funding state will need to rebuild economy, says Kevin Johnson of Credit Union Development Association

28th June, 2020
Credit union members could be a source of some of the funding the state will require to rebuild the economy following the Covid-19 pandemic

A new Covid-19 recovery bond should be established to help fund the state’s economic recovery and create an asset class which reduces the amount of capital credit unions would have to hold, a representative group has said.

Kevin Johnson, the chief executive at the Credit Union Development Association, said credit union members could be a source of some of the funding the state will require to rebuild the economy following the Covid-19 pandemic...

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