This week, the Mountain West Credit Union Association sent a letter to NCUA Chairman Rodney Hood, written on behalf of the credit unions we serve expressing our appreciation for the work of the NCUA to bring about regulatory relief during this current crisis. The letter also included the Association’s recommendations for … Read More
The Small Business Administration’s $349 billion Paycheck Protection Program has officially run out of money. A notice, posted on the SBA’s website, states the “SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP … Read More
Last night and earlier this morning, the U.S.Treasury released additional documents for lenders participating in the Paycheck Protection Program. The new documents include: Lender Electronic Data Form Final Borrower Application Form SBA Form 3506 Both forms are outlined in the PPP Final Rule that was released on Thursday afternoon. To … Read More
The U.S. Treasury Department and the Small Business Administration have finally released their long awaited guidance for the Paycheck Protection Program (PPP). We have been working with our state governments to help compile a list of available lenders that are participating or planning to participate in the program in order … Read More
Stephen Nelson, VP of Credit Union Support at the Utah Credit Union Association, recently shared some resources primarily geared toward helping smaller and mid-sized credit unions meet CECL requirements. The resources are on the Utah Credit Union Association website https://www.utahscreditunions.org/resources/123/ and include: 8 videos covering just about everything in the … Read More
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