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www.nebrcul.org | 402.333.9331 | 800.950.4455

The League is committed to partnering with member credit unions to navigate the outbreak of COVID-19. Our number one priority is ensuring the safety and well-being of our staff, member credit unions and the communities in which we are engaged.

The League has and continues to work with our business partners, lawmakers and community officials to provide member credit unions with updated information as developments continue during this public health crisis. A myriad of relevant resources can be found on the League’s COVID-19 Resource Page: https://nebrcul.org/new-release/. Credit unions are also encouraged to check back often as the situation remains fluid and new updates are posted frequently.

Since the COVID-19 outbreak, the League has been advocating nonstop on behalf of our members. We have been in contact with both state and federal lawmakers sharing the great work Nebraska’s credit unions are doing to help their constituents and your members. We urged our Congressional Delegation to consider credit unions while they worked on the third phase of the federal COVID-19 stimulus package. Because of that work several banking provisions beneficial to credit unions have been added to the package.

On the state side, the League has been actively advocating for allowing Remote Notarizations. Last session LB 186 (e-notary) legislation was passed and signed by the Governor. The bill has a July 21, 2020 effective date and calls for the Secretary of State to promulgate rules to implement the law. We have been in contact with the Department of Banking, Secretary of State and the Governor’s office encouraging and immediate effective date and expedited implementation rules for Remote Notarizations.

The League has also been part of a working group organized by Chairman of the Banking, Commerce & Insurance Committee Chair, Matt Williams and Senator Anna Wishart to help address the issues small businesses are facing as a result of the COVID-19 pandemic.

On the Regulatory front, the League co-hosted a joint call with the Department of Banking & Finance to provide a forum for sharing information and questions relative to the COVID-19 outbreak. We have been urging NCUA to allow credit unions to be flexible while serving members in these unprecedented times without fear of recourse or examiner retribution.  We also asked NCUA to offer any assistance they could to help those most vulnerable. To that end, NCUA issued a release notifying federally insured, low income designated credit unions that experience unexpected costs as a result of COVID-19 can request urgent needs grants from the Administration.

The League continues to work with our HR partner, Jackson/Lewis to keep credit unions up-to-date and informed regarding any employer related issues associated with COVID-19.

All too often we take the value and benefit of the cooperative credit union system for granted. And, it is times like these that serves to remind us that we are a band of brothers (and sisters). We all know that when credit unions are faced with adversity, together we always find a way to emerge stronger and more resilient than ever, because we have done it before. I could not be prouder of the credit union response to this crisis.  Keep up the tremendous work every one of you are doing. Stay strong, stay safe and stay well.

Please let us know if there is anything, we can do to support your efforts.