Jacksonville, Fla. local business district. Jacksonville, Fla. local business district. (Source: Shutterstock)

Citing data compiled by the U.S. Treasury Department, a Jacksonville, Fla.-based credit union said it had obtained more loans than any other credit union in Florida under the federal government’s program for propping up businesses struggling amid the coronavirus outbreak.

VyStar Credit Union said it had originated 4,431 loans totaling nearly $147 million under the Paycheck Protection Program, under which small businesses could seek government-backed loans to retain workers and pay bills. The credit union said it was among more than 900 financial institutions that participated in the program in Florida, helping save more than one million jobs, based on a review of data released by the Treasury Department’s Small Business Administration.

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