2 –\u00a0<\/b>Easier Fund Management \u2013 Emergency expenses and sudden income losses might be causing some members to struggle with paying down new and old debt. Consolidating credit card debt onto one card can make managing it easier and less stressful for members. Now is a good time for credit unions to offer a balance transfer option<\/a> to their members. Your credit union has the opportunity to show members you are there for them. Let members know you\u2019re available to assist them in creating a plan to get out of debt so they can be ready to start saving instead.<\/p>\n 3 –\u00a0<\/b>Give Members a Break \u2013 Many credit card and other financial companies are assisting consumers at this time with relaxed payment schedules and waived late fees. You might consider offering similar options like a skip-a-pay promotion for members who may be struggling to catch up on their finances. Maintaining reward programs is also important to give members more value for what they spend on their cards.<\/p>\n <\/p>\n The credit union difference and the relationships credit unions have with their members mean the most during times of financial challenge. By drawing on this connection, your credit union can help members use the convenient benefits of a credit card responsibly to help ease some of their stress as they work to move forward. Helping members is important, and sometimes credit unions can better serve members with the help of the right resources. To learn more about opportunities to help your credit union, click here<\/a>.<\/p>\n
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