Wisconsin endorses FFIEC guidance for credit unions

State Issues Wisconsin FFIEC Credit Union Covid-19

On March 13, the Wisconsin Department of Financial Institution sent a letter to credit unions to support and reinforce the guidelines issued by the Federal Financial Institutions Examination Council on March 6, which recommended steps for credit unions to proactively prevent disruptions of operation and minimize contact with customers. The letter also encouraged credit unions to consider postponing annual meetings or conducting such meetings remotely.