Lending

The Michigan Credit Union League reports that 10% of PPP loan recipients were new credit union members.

A first-of-its-kind program launched by Maine Harvest Federal Credit Union aims to boost farmland financing in the state.

Credit unions issue 196,010 forgivable loans under the program meant to offset the economic damage caused by COVID-19.

CU Times speaks with several credit union leaders who believe, despite the initial stress of the PPP process, they are better prepared for what's ahead.

The extension runs to Aug. 8; it would have to pass the House, which had approved a year-end extension.

Credit unions are facing rising liquidity, weak asset growth and low yields.