Only electronic methods guarantee the rapid disbursement of CARES Act funds to American families in a safe and secure manner, CUNA and other financial trade organizations wrote to the Treasury Friday.

CUNA, AACUL and all 35 Leagues wrote to Treasury and the Small Business Administration leaders Thursday calling for changes to the Paycheck Protection Program Interim Final Rule released Thursday.

New Credit Union Awareness resources are available for credit unions to use when communicating about the coronavirus disease (COVID-19). The national digital campaign has been paused during the pandemic.

The Small Business Administration published an Interim Final Rule Thursday, effective immediately, announcing the implementation of Sections 1102 and 1106 of the CARES Act. These sections address the “Paycheck Protection Program,” a new product in the SBA’s 7(a) Loan Program.

Credit unions are eligible under a provision in the CARES Act to defer paying their payroll taxes. Under the provision, half of the taxes would be due at the end of 2021 and the other half at the end 2022.