NY Minute: Monday, May 4

CUs can offer financial counseling amid economic turmoil through FiCEP; registration open through May 15 THE NEW YORK MINUTE

Potential impacts from COVID-19 on CUs: CUNA Mutual Group releases its April Credit Union Trends Report THE NEW YORK MINUTE

NCUA letter to Crapo outlines statutory changes that would help CUs THE NEW YORK MINUTE

SBA reports $500B in PPP loans so far; review finds nearly 300 public companies, some of which paid big exec comp, have gotten funds CUTODAY

Income drops among some large credit unions in Q1 CUTIMES

Mnuchin says Trump ‘absolutely prepared’ to provide more coronavirus relief money if needed FOX BUSINESS

Clock ticking for small businesses squeezed out of government loans, now have a few months or less to survive, survey reveals CNBC

Consumer credit apps down ‘substantially’ in March, CFPB says in report on COVID-19 effects REGULATORY REPORT

How can PPP borrowers spend their loans? NEW YORK’S STATE OF MIND