WASHINGTON-The Small Business Administration and the Treasury Department have announced they have set aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs).
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WASHINGTON—The House has voted in favor of a bipartisan bill that would loosen requirements on hundreds of billions of dollars in small-business loans made through the Paycheck Protection Program.
WASHINGTON—Credit unions have availed themselves of the Federal Reserve's Paycheck Protection Program Liquidity Facility (PPPLF).
RANCHO CUCAMONGA, Calif.—As most of the country remained under stay-at-home guidelines, consumer spending remained low in the first half of May, reported CO-OP Financial services, which detailed spending patterns.
ALEXANDRIA, Va.– NCUA Board Member Todd Harper continues to call on credit unions to join the Central Liquidity Facility, saying doing so can significantly bolster the entire system’s access to emergency liquidity.
MADISON, Wis. – The Filene Research Institute has launched “Think Tank,” which it said is comprised of influential CEOs and senior executives selected for their cross functional expertise to drive the credit union industry’s research and incubation agenda.
TALLAHASSEE Fla. – A number of state CU associations continue to compile data on how credit unions in their respective states are helping members and local businesses during the coronavirus pandemic and resulting economic slowdown.
SAN FRANCISCO, Calif.—The Police Credit Union of California said it is honoring the sacrifices of its core membership with a debt forgiveness benefit available exclusively to members who serve as active duty peace officers in California.
NEWPORT BEACH, Calif.–CUSOs have made more than $700-million in Paycheck Protection Program (PPP) loans to date, according to numbers released by the National Association of Credit Union Service Organizations (NACUSO).
ABBOTSFORD, B.C.–More than 100 employees have been laid off by Prospera Credit Union here, just a few months after its historic merger with Westminster Savings Credit Union in January.