Emergency Loan Resources

Emergency Loan Resources

Partnering with credit unions to support displaced workers

Partnering with credit unions to support displaced workers

The Northwest Credit Union Foundation is excited to offer the Emergency Loan Program to communities across the Northwest. NWCUF is partnering with private philanthropy and regional credit unions to offer loan funds to support credit unions in providing emergency loans to displaced workers impacted by COVID-19. As funds become available, NWCUF will reach out to credit unions who serve the designated area. Credit unions can also view active loan fund regions below or submit a credit union interest form to be considered for the program.

Active Loan Fund Regions

• Yakima Valley: Benton, Chelan, Douglas, Franklin, Grant, Kittias, Klickitat, and Yakima Counties

• SW Idaho: Adams, Ada, Blaine, Boise, Canyon, Cassia, Gem, Gooding, Elmore, Jerome, Minidoka, Owyhee, Payette, Twin Falls, and Washington Counties

• Puget Sound: Snohomish, King, Pierce, Kitsap, Thurston and Mason Counties

• Southern Oregon: Coos, Douglas, Curry, Josephine, Jackson, Klamath, and Lake Counties

Emergency Loan Program Toolkit

If your credit union is already participating in a Loan Fund or looking to learn more about how you can participate, please see the below Toolkit resources to that outlines the process to deploy Emergency Loans to your members and community.

Program Overview
Step by Step Process
Program Timeline
Underwriting Guidelines
Credit Union FAQ
Sample Grant Agreement
Loan Reporting Template
Area Median Income Tables

For any questions regarding the Emergency Loan Program or your credit union’s participation, please reach out to NWCUF Program Director, Claire Hendrix at 208.515.4476 or by email.

Submit Loan Reports

Weekly Loan Report

Weekly Loan Report

Please submit weekly loan reports on your credit union's deployed loans here. This form will also serve as your reimbursement submission for underwriting subsidy and to set aside appropriate loan loss reserves.

Weekly reports

Quarterly Loan Performance

Quarterly Loan Performance

Please submit your quarterly loan reports on the performance of the Emergency Loans. This form will also serve as your reimbursement submission for any charge-offs incurred past the 90-day delinquency window.

Quarterly Reports