Attention Oregon Credit Unions: Funds are Available to Help Small Business Members Left Behind in CARES Act Support
Four credit unions have stepped up to help the state distribute $1.7 million in grants, and you can refer your small business owner members to them.
In a joint letter to Treasury, NWCUA, CUNA, and other leagues recommend a simplified process for small borrowers.
The Senate Financial Institutions Committee held its first-ever virtual hearing to learn more about services provided, particularly the Paycheck Protection Program loans.
Northwest credit unions’ advocacy efforts were critical in an important change that will benefit military families nationwide.
“You are living your people helping people mission,” Brown said.
Oregon Senator Wyden Introduces Legislation to Allow Credit Unions to Better Serve Main Street During COVID-19
Similar legislation is pending in the House to exempt credit unions from the member business lending cap for one year.
Hood tells committee more relief for credit union members is needed as COVID-19 response continues.
The legislation would exempt loans to small businesses that are tied to fallout from the COVID-19 crisis from the MBL cap for the next three years.
As Congress prepares the fourth round of stimulus relief, NWCUA is working closely with key committee members and all Northwest representatives to represent credit unions’ interests.
Credit unions can access and share a variety of resources to assure members they are here for them during this difficult time.
Through a joint news release, the banking system messaged that financial institutions are safe, sound, reliable, and here for you.
The work of advocacy pays off as the Credit Union Act updates are signed into law, along with a lienholder notification bill.
The funding can help credit unions continue to support members impacted by COVID-19.
The impasse notwithstanding, credit unions seized the opportunity to shine the spotlight on their services and impact.