Many U.S. companies including JPMorgan Chase, Morgan Stanley and Apple have drawn attention for increasing pressure on employees to show up more at the office as COVID-19 concerns ebb. Some credit unions have taken similar steps, while others still insist a hybrid schedule is better for recruitment.
Overdue loans for U.S. credit unions hit 0.42% in June the lowest level in the industry's history. But some warn of deteriorating credit quality as the economy sours.
Pinnacle Credit Union in Atlanta, RVA Financial Federal Credit Union in Richmond, Virginia, and MUNA Federal Credit Union in Meridian, Mississippi, are combining into a single organization as a way to pool resources despite their lack of proximity.