The credit union industry includes a wide swath of institutions, from large cooperatives with extensive fields of membership to small, narrowly focused shops. Together, the industry serves approximately one-third of Americans although the scale of service between the largest and smallest credit unions is different.
Since the U.S. Department of Treasury instituted the Paycheck Protection Program on March 27, 2020, 926 credit unions have reported PPP loans. As might be expected, the national leaders in PPP loans funded skewed toward larger institutions, but smaller credit unions also have used the program to put much-needed funds into the hands of local businesses.
The following chart lists the top 25 credit unions in PPP loan funding as a percentage of assets.