The COVID-19 pandemic has added to the traditional institutional stresses credit unions around the globe face on a daily basis, forcing most cooperative financial institutions to adjust to stay competitive. Non-performing loans (NPLs) and other expected credit losses (ECLs) are some of the major factors contributing to that increased institutional stress.
This World Council of Credit Unions International Advocacy webinar explored the depth of the problem and examine the ways both regulators and credit unions are working to address it.
The webinar featured presentations on:
• The $2 Trillion Question: What’s on The Horizon for Credit Losses, by Osman Sattar, Director, EMEA Financial Institutions, S&P Global Ratings
• The Impact of Non-Performing Loans on Credit Unions, by Steven Stapp, President and CEO, Unitus Community Credit Union
• Q&A Session, Steven Stapp and Andrew Price, Senior Vice President of International Advocacy, World Council of Credit Unions
