SOMERVILLE, Mass.–Naveo Credit Union is reporting it has assisted nearly 50 local small businesses through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) in just two weeks.
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WASHINGTON– The United States has made more than $500 billion in loans through the Paycheck Protection Program, with about $145 billion still to be disbursed as of Sunday, according to the Small Business Administration and Treasury Department.
WASHINGTON–A Federal Reserve program expected to begin within weeks will provide hundreds of billions in emergency aid to large American corporations without requiring them to save jobs or limit payments to executives and shareholders, according to a new analysis.
WILLIAMSPORT, Penn.–Two Pennsylvania credit unions have announced plans to merge. Members of the $3.7-million Financial 1st FCU here have voted in favor of merging into the $83-million Horizon FCU.
SAN FRANCISCO–Wells Fargo is no longer accepting applications for home equity lines of credit “due to lack of visibility on the economy” resulting from the coronavirus pandemic.
WASHINGTON—Rep. Rashida Tlaib (D-MI) is proposing giving debit cards initially worth $2,000 and then $1,000 monthly after that to everyone in America.
MADISON, Wis.–The Filene Research Institute will host a webinar on May 6, “Measuring COVID-19 Impact: Your Financial Performance Projection.”
NEW YORK–Credit unions with outstanding loans and lines of credit to retailers and retail shopping plazas should expect to see increasing bankruptcy filings and even anticipate many retailers will close and never reopen, according to a new report.
MADISON–The World Council of Credit Unions is reporting that while credit unions in most of the world are struggling with liquidity due to a greater number of members making cash withdrawals to survive the COVID-19 crisis, credit unions in Haiti have been able to keep liquidity levels close to normal throughout the pandemic.
GAINESVILLE, Fla.––Another position has been added to CUToday.info’s free job board, the Gig.