Oct31

Compliance Council: Sess. Three

This Council brings regional compliance professionals together to discuss the challenges inherent in keeping credit unions compliant with the regulations that govern them.
Nov5

HR & Trainers Council: Sess. Three

This Council provides a forum for professionals in HR & Training to learn about new techniques, preview other practices, and share professional presentations in this self-directed forum.
Nov6

Digital Innovation Council: Sess. Three

This Council is a place to connect on new and innovative uses of technology and strategize for operational efficiency while optimizing member experience.
Nov7

Lenders Council: Session Three

This Council will stay on top of issues impacting the lending industry by giving access to a wealth of information through networking with fellow credit union lenders.

Brittanie Bonanzino

AVP, Communications

Washington

Alyse Headshot

Alyse Knudsen

Manager, Communications

Oregon

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Heads up, Credit Unions: Feds “Days Away” from Lending Resources for Midsized Companies

Posted by on May 29, 2020

The Federal Reserve will soon open its emergency lending program for “midsized” businesses. Credit unions can process these funds but may not receive them.

The program is “designed to support medium-sized and small businesses and their employees…during the current period of financial strain, but supporting the provision of credit to such businesses,” according to the agency’s news release.

Fed Chair Jerome Powell said under the “Main Street” program the central bank would buy the majority of a financial institution’s loan to a company with up to 15,000 employees or up to $5 billion in annual revenue.

More information is available here.

Posted in Advocacy on the Move.