NAFCU statement on exhaustion of PPP funding
WASHINGTON, DC (May 5, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the Small Business Administration announced the exhaustion of paycheck protection program funding:
“The SBA’s paycheck protection program has been a vital financial lifeline for our nation’s small businesses amid the coronavirus pandemic,” said NAFCU President and CEO Dan Berger. “Credit unions have been proud to assist our nation’s smallest, hardest hit businesses to receive the funding they needed to overcome financial hardship. NAFCU will continue to support its MDI and CDFI members who remain eligible to make PPP loans. Our industry will continue to put the interests of our members first, both now and as our economy continues to recover from the pandemic.”
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.