Credit Union Response

Oregon Credit Unions Come Through with Grants to Women- and Minority-Owned Businesses Impacted by COVID-19

10/13/2020 When the state of Oregon asked Community Development Financial Institutions (CDFIs) to distribute emergency grants to small businesses, the hope was that very small businesses would be served: those with fewer than 25 employees, sole proprietorships, rural, and minority-owned businesses. Credit unions delivered. Between July 3 and Sept. 28, the four participating credit unions […]

Posted October 13, 2020 in Credit Union Response

Oregon Credit Unions Unite to Help Small Businesses

Amid the COVID-19 pandemic, Northwest credit unions helped thousands of small businesses obtain Small Business Administration Paycheck Protection Program and Economic Injury Disaster loans. Credit Union Movement leaders have been frustrated, however, that so many truly small businesses — those with fewer than 25 employees and sole proprietorships — were left behind. Minorities, women, and […]

Posted July 17, 2020 in Credit Union Response

When Things Felt Impossible, a Credit Union was There

The months of March and April were blur – a slog of long days and sleepless nights. Stacey Bonell worried about her husband, Bradly, with his compromised immune system. She worried about herself, too, struggling to manage her multiple sclerosis. She needed to stay healthy enough to work. And she was distressed about her dedicated […]

Posted May 18, 2020 in Credit Union Response

Point West CU Reaches Out to Help Hispanics in Pandemic

Story by Jim DuPlessis for the Credit Union Times. All financial institutions have certain superpowers that consumers lack. They are built to navigate complexity. They know how to measure risk, and price it. They know how to plan and prioritize financial resources in crisis. They have developed the capability to assess a web of changing […]

Posted May 18, 2020 in Credit Union Response