CUNA supports NCUA’s changes to rules and regulations supporting credit unions making Paycheck Protection Program (PPP) loans, CUNA wrote to the agency Wednesday. NCUA approved by notation vote in April an interim final rule amending certain regulations for PPP loans.
“CUNA supports the amendments in the interim final rule as they provide guidance and answer many questions CUNA’s members have had about the treatment of Paycheck Protection Program (PPP) loans on their balance sheet,” the letter reads.
Specifically, the interim final rule: