The New York Credit Union Association continues to update resources that are available to credit unions during the COVID-19 pandemic, including the addition of a new resource center to help credit unions navigate the SBA’s Paycheck Protection Program.
The PPP is a major component of the recently enacted CARES Act, and many credit unions have reached out to the Association for guidance on how to become an SBA lender for PPP purposes.
The Association’s PPP resource center includes links, resources, frequently asked questions and other valuable information that can help credit unions navigate the PPP process. Additional information will be added as the Association receives it.
The PPP resource center can be accessed on the Association’s website.
The Association also has a coronavirus resource page to assist credit unions with navigating issues related to the 2019 novel coronavirus and other pandemics and outbreaks. In addition to compiling resources for credit unions, Association staff is available to answer specific operational, human resources or compliance questions member credit unions may have about the coronavirus. The coronavirus resource page can be accessed on the Association’s website.
The Association is monitoring the COVID-19 pandemic situation closely, and will continue to provide updates on its resources pages as they occur.