MIC Awards Submission Deadline Wednesday; Register Now for Evoke Virtual Marketing Conference

Don’t let your best work in Marketing, Innovation, and Creativity slip by unrecognized. Choose from a variety of categories including Extra, Extra (Best Newsletter), Pin, Post, Share, & Like (Success in Social Media), Out and About (Best Community/PR Event) and be recognized at the 2020 Virtual Evoke Marketing Conference. Submit your entries now.

Evoke’s one-day marketing conference is specifically designed for anyone who tells the credit union story. This live-streamed event is tailored to any work environment, so join us from your office, conference room, or wherever you may be working.

Last Chance to Register for Alloya’s ‘Economic Impacts of COVID-19′ Webinar

The unexpected outbreak of COVID-19 has dealt a severe shock to the global economy and markets around the world. Given this unprecedented event, many are wondering how to navigate these shocks and are asking the question, “Where do we go from here?” Obviously, the U.S. and global economy will suffer a severe contraction in the near-term, but eventually the economy will recover. Which leads us to the next big question — how long will it take for the economy to rebound?

Tomorrow, June 23, Alloya Investment Services’ Tom Slefinger joins the CrossState Solutions team to share what lies ahead for the economy and markets through 2020 and beyond, as we deal with the lingering financial implications from the COVID-19 pandemic. Credit union CIOs, CFOs, investment, and portfolio managers are encouraged to attend this upcoming informative session.

SBA and Treasury Announce Enhanced Transparency Regarding the Paycheck Protection Program

The U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury have agreed with bipartisan leaders of the U.S. Senate Small Business Committee to make public additional data regarding the Paycheck Protection Program (PPP). This agreement will ensure that the interests of both transparency and protections for small businesses are served. The SBA will disclose the business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, jobs supported, and loan amount ranges as follows:

$150,000-350,000
$350,000-1 million
$1-2 million
$2-5 million
$5-10 million

These categories account for nearly 75% of the loan dollars approved. For loans below $150,000, totals will be released, aggregated by ZIP code, by industry, by business type, and by various demographic categories.

For PPP data disclosed to date, including total dollars approved, loan sizes, lender sizes and types, loans approved by state, top lenders, loans by industry sector, and funds remaining, click here.
SBA

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