Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after the House passed and President Donald Trump signed a bill adding $310 billion to the Paycheck Protection Program (PPP), a program from the Treasury and Small Business Administration to help businesses pay employees and meet other costs as they are impacted by the coronavirus disease (COVID-19) pandemic

The National Credit Union Administration (NCUA) approved yesterday an interim final rule that would amend its capital adequacy and member business loans and commercial lending regulations following the creation of the Small Business Administration’s Paycheck Protection Program (PPP).

The Senate voted and approved an additional $310 billion in funds for the Paycheck Protection Program (PPP). The influx of funds contains a $60 billion set aside for community lenders, lenders that include state and federal credit unions with:

Registration is now open for CUNA Putting Empathy into Action During a Pandemic eSchool (free to CUNA members) set for Tuesday and Thursday 1-hour sessions, April 28-May 7.

Credit Union National Association (CUNA) and the World Council of Credit Unions (WOCCU) today announced the cancellation of World Moving: A Joint Credit Union Conference, which was set to take place July 19-22 in Los Angeles, California, USA.

Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), enacted to help businesses deal with the coronavirus disease (COVID-19) pandemic by providing loans so small businesses can keep their workers on the payroll, ran out of funding Thursday morning.

Reps. Brad Sherman (D-Calif.) Suzanne Bonamici (D-Ore.), Don Young (R-Alaska) and Brian Fitzpatrick (R-Pa.) today announced legislation that would exempt all credit union member business loans made during a declared disaster exempt from the member business lending cap for three years.

Registration is now open for Navigating SBA Lending Programs in Response to the CARES Act & COVID-19 Pandemic webinar.

Today, Congressman Brad Sherman sent a letter to the Federal Reserve System seeking the temporary relief from Regulation D transfer limits. CUNA President/CEO Jim Nussle issued the following statement in response to Rep. Sherman’s letter:

Credit union compliance and HR professionals can now access a free recorded webinar that covers how to apply the new paid leave requirements established in the Families First Coronavirus Response Act (FFCRA) that went into effect April 1.