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NEW YORK—Many of the nation’s financial institutions have dealt with a flood of Paycheck Protection Program (PPP) loan applications. Now, they must brace for a new flood of applications, this time from the same businesses seeking loan forgiveness.

ALEXANDRIA, Va.–NCUA said CUs that have been participating Paycheck Protection Program can now begin reporting on PPP loans and collecting the processing fee on fully disbursed loans that they are eligible to receive.

WASHINGTON–Credit unions reopening their facilities as lockdown orders around the coronavirus pandemic are lifted have had one piece of the burden lifted a bit.

CAMBRIDGE, Mass.– With plans altered by the coronavirus, MIT FCU still participated in MIT’s iconic Campus Preview Weekend, during which students are traditionally able to visit the campus, attend a wide variety of interactive events, and experience the university in action.

CHARLOTTE, N.C.–Bank of America announced some customer data may have been exposed during the uploading of loan applications related to the Paycheck Protection Program.

LOS ALAMITOS, Calif.–Southland Credit Union, noting many of its members are first responders who work at hospitals and medical centers in the communities surrounding the credit union’s branch locations in Orange County and Los Angeles County, said it has raised more than $18,000 and provided more than 2,400 meals to help.

MERRILL, Wis. – Four Northwoods food pantries and a waterfront trail are the benefactors of $20,000 in donations made by Park City Credit Union.

ARLINGTON, Va.–NAFCU has launched a new member-only online community for human resources professionals.

TYSONS, Va.– During designated senior shopping hours in three Safeway locations in the Greater Washington area, PenFed employees surprised shoppers at the register with $100 Visa gift cards, cloth face coverings and hand sanitizer.

RANCHO-CUCAMONGA, Calif.—Consumer spending across credit and debit continued to fluctuate throughout April, according to CO-OP Financial Services, which detailed recent consumer spending activity—and listed three payment trends to watch.