Newsroom
NAFCU's Berger joins CNN International, talks coronavirus' economic impact
NAFCU President and CEO Dan Berger joined CNN International's Quest Means 
Business last week to discuss the impact the coronavirus is having on the U.S. and global economies.
"There is going to be an impact, but how deep it is going to be is still too early to be determined. It is going to affect the GDP of countries across the globe, not just the U.S.," said Berger.
While Berger stood firm in his belief that the American economy will be able to weather the storm, he reminded viewers of the importance of remaining vigilant.
"Outbreaks and pandemics have the potential to have a secondary flare up and those are the ones that cause the damage from a longer-term standpoint," added Berger. "My concern is also with China and the CCP, and they are not usually all that forthcoming with accurate numbers and data. But right now [the U.S.] is stable."
For credit unions looking to update their pandemic preparedness practices, NAFCU has compiled a host of helpful resources, including:
- NAFCU’s Compliance Blog post breaking down NCUA guidance on pandemic preparedness and a Pandemic Planning guide;
- NAFCU’s Compliance Blog post focusing on business continuity planning and dealing with emergencies.
- the November/December 2019 edition of The NAFCU Journal, which includes a feature on helping credit unions prepare contingency plans; and
- a webinar, available on-demand, designed to teach credit unions about implementing a business continuity and crisis communication plans.
To view Berger’s full segment on CNN International, click here.