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NAFCU's executives have been meeting daily to discuss coronavirus concerns and threats. Given increased uncertainty around the virus, the association has canceled its upcoming Board of Directors and Supervisory Committee Conference – set to take place April 27-30 in San Francisco – and CEOs and Senior Executives Conference – scheduled for May 6-8 in Palm Springs, Calif.

NAFCU President and CEO Dan Berger also sent a video message to member credit unions Friday to update them on the coronavirus and to let them know "NAFCU is here and ready to help in any way we can."

"We have been in close contact with the White House, members of Congress, and agencies ranging from the CDC, to the NCUA, to the Treasury Department, to stay on top of current information and proper precautions for the industry as well as share your needs with policymakers and leaders," Berger said.

Along with the conference cancellations, Berger said NAFCU will "continue to monitor things as they develop and [is] prepared to make further necessary decisions to keep our communities and our members safe."

"Thankfully, NAFCU is financially very strong from your support and we are here to work closely with you to help you weather all this," Berger stressed. "If there is anything on your mind, I’m asking you to go ahead and give us a call. Remember, we work for you."

NAFCU previously canceled its Spring Regulatory Compliance School, which was set to begin today in Arlington, Va. All other 2020 NAFCU conferences are still on.

Registered attendees have been notified of the cancellation via email, which contains additional information on how to transfer conference registrations or obtain a refund, and how to proceed with canceling hotel and flight reservations.

Please contact info@nafcu.org with any questions.

Last week, NAFCU Chief Economist and Vice President of Research Curt Long developed a brief on how the coronavirus could impact the economy and credit unions. The association has a resource page available on the virus and is offering a free webinar tomorrow to help credit unions prepare pandemic plans, and will continue to update credit unions on all developments that could impact operations, members, and the economy.

A new NAFCU Compliance Blog post today from Vice President of Regulatory Compliance Brandy Bruyere provides FAQs for credit unions related to the coronavirus (read it here).

The association is maintaining close communication with the Trump administration, Congress, and regulators to ensure they are aware of what credit unions are doing to support members during the outbreak and of how they can provide regulatory relief to the industry.