ONTARIO, Calif.–Origence plans to host another in its webinar series, “Economic & Lending Trends: Tracking COVID’s Continued Impact on the Economy,” on June 1. The webinar is scheduled to begin at 2 p.m. ET.
Fresh Today
CIRCLE, Mont.– Grasslands Federal Credit Union (Grasslands FCU) said it is using a $10,000 COVID-19 Emergency Fund it has been awarded by NCUA to fund its Emergency Grant Project.
WASHINGTON—Demand for funds from the second round of Paycheck Protection Program (PPP) loans appears to have slowed considerably.
WASHINGTON – After falling 11.7 points last month, the Fannie Mae Home Purchase Sentiment Index (HPSI) decreased an additional 17.8 points in April to 63.0, its lowest reading since November 2011.
WASHINGTON–The U.S. economy reported losing 20.5-million jobs during April, with unemployment hitting nearly 15%, with the new data showing five states have been hit particularly hard.
WASHINGTON–While the Paycheck Protection Program has gotten most of the headlines, another federal government emergency disaster lending program for small businesses has been so overwhelmed by demand that it has not only significantly limited the size of loans it issues, it has also blocked nearly all new applications, according to a new report.
WASHINGTON–A new analyses of government data show the Small Business Administration’s Paycheck Protection Program allowed many of the earliest funds to go to parts of the country that were not as hard hit by the coronavirus, as well as to a small number of companies seeking millions in assistance.
LANSING, Mich.–During the peak of the COVID-19 economic crisis, the Michigan league is reporting credit unions in the state have “stepped into a small business lending sector traditionally dominated by banks.”
LAWRENCEVILLE, Ga.—The pandemic and oil prices are hitting used car values hard.
WASHINGTON–Three pieces of legislation have been introduced in Congress that, if enacted, would have a bearing on credit unions, including legislation related to an exemption for member business loans in both the House and Senate. Separately, the Defense Credit Union Council has expressed its support for NCUA's decision last week related to service members and qualifying for CDFI status.