Credit unions have supported more than a million pandemic-affected members through the Paycheck Protection Program (PPP).

Congress extended the PPP application deadline to Aug. 8, and there are still billions of dollars available. CUNA President/CEO Jim Nussle highlighted Friday that there is still time for credit unions to support Main Street businesses through this crucial program.

According to data from the SBA, as of June 30 more than 900 credit unions have made more than 196,000 loans, averaging $49,487 per loan, indicating credit unions have continued to focus on Main Street businesses to keep local communities strong across the country. Those loans have supported 1.18 million jobs. A recent Forbes article also underscored that, in looking at data for loans over $150,000, credit unions supported more jobs per million dollars lent than any other lender.