Small Business Administration Loan Guidance
Updated April 21, 2020 Certificate of Incumbency Template CUNA COVID-19 Business Resources Latest Update from SBA on Paycheck Protection Program. SBA Q&A SBA Lender Application U.S. Department of Treasury – Assistance for Small Businesses Paycheck Protection Program Resources Paycheck Protection Program FAQ U.S. Small Business Administration Loan Guaranty Agreement (Deferred Participation) Paycheck Protection Program Application […]
State and Federal Agency Resources
Updated April 14, 2020 CDC Centers for Disease Control – https://www.coronavirus.gov/ FEMA Federal Emergency Management Agency Guidance on COVID-19 Federal White House COVID-19 Guidance for America IRS Stimulus Payments – What You Need to Know Fraud Prevention FBI Warns that Cyber Criminals are Exploiting Increased Use of Virtual Environments State Tennessee Department of Health recommendations for […]
State Legislature Wrap Up – 2020
State Legislature Wrap Up – 2020 After closing to the public last weekend, the TN General Assembly will be finishing up Governor Lee’s revised budget and spending bills before taking a temporary adjournment due to the COVID-19 pandemic. While we don’t know officially how long the adjournment will last, most insiders believe it will be […]
SBA Paycheck Protection Program Guidance
Updated April 3, 2020 On April 2, the Treasury and SBA released the interim final rule for the Paycheck Protection Program. The link to the entire rule can be found here. Here’s a quick summary from our initial reading of the rule. Things are changing by the moment it seems, and we will keep you […]
Interchange Update – Small Victory, but the Work Isn’t Done!
Thank you for all of your efforts to fight HB 2500/SB 2394 – the bill to exclude state and local sales tax from the interchange fee calculation. You all answered the call and sent numerous messages to your representatives and senators letting them know that this bill is bad for credit unions, and in turn […]
How Credit Cards Can Make Consumers Happy
Most Americans have a credit card in their wallet; in fact, between 2016 and 2018 credit card accounts increased by 4.1%. A common misconception among those in the payment space is that millennials are not interested in obtaining credit cards. FICO research indicates, though, that 83% of millennials use credit cards. In order to better […]
Executive Interview with Langston Bag Company Employee Savings Association CU President George Parkey
George Parkey, President of Langston Bag Company Savings Association Credit Union Q: How long have you been in the credit union industry? GP: 30 years! Q: What is the best advice you have ever been given? GP: You can handle more than you think you can! Q: What advice would you give to […]