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DUBLIN, Ohio—While an oversight that temporarily prohibited some credit unions from making PPP was resolved last year, it’s an indicator that there remains significant misunderstanding in Washington over just how credit unions work, according to one person.

WASHINGTON–Some 244 credit unions have received$401.8 million in awards from the Treasury Department’s new Rapid Response Program (RRP) as part of $1.25-billion in COVID 19 relief funds that are going to 863 community development financial institutions (CDFIs) overall.

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