National Leaders In PPP Lending

Which credit unions led the nation in the number of Paycheck Protection Program loans funded?

According to the U.S. Department of Treasury’s Paycheck Protection Plan data set, 926 credit union reported PPP loans since the program commenced on March 27, 2020. In aggregate, credit unions issued 194,340 loans over the past four months as they continue to do their part towards making sure the small businesses are financially equipped to staff and operate their company. True to the cooperative financial movement, 94.7% of loans at the top ten credit union PPP lenders by number are under $150,000.

See below for more insights into the leaders in credit union PPP lending.

August 10, 2020

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