Waiving early withdrawal penalties on time deposits
Waiving availability restrictions on insurance checks
Easing restrictions on cashing out-of-state and non-member checks
Easing credit terms for new loans for members who qualify
Offering or expanding payday alternative loan programs
Increasing credit card limits for creditworthy borrowers
Waiving late fees for credit card and other loan balances
Offering payment accommodations, such as allowing borrowers to defer or skip some payments, or extending the payment due dates, which would avoid delinquencies and negative credit bureau reporting caused by any COVID-19-related disruptions
NCUA stated credit unions taking these measures will not be subject to examiner criticism.
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