Secure credit union pandemic relief; urge Congress for their support
Published by: Emily Leite
December 16, 2020 | Government Affairs
As the federal government winds down its legislative activity in preparation for the incoming administration, the League is urging the Ohio congressional delegation to further empower your credit union’s ability to serve members, and we need your help. Please complete a call-to-action, urging your federal decision-makers to help credit unions and their members achieve significant pandemic relief, such as:
- Extending Troubled Debt Restructuring (TDR) authorities to Dec. 31, 2021, so credit unions can assist members experiencing financial difficulties without charging off loan losses and impairing capital reserves
- Extending the Central Liquidity Fund (CLF) borrowing capacity so credit unions can continue managing portfolios and liquidity based on evolving needs
- Paycheck Protection Program (PPP) forgiveness for loans $150,000 or less to further empower small business members’ economic recovery
- Increasing Community Development Financial Institution (CDFI) and Minority Depository Institution (MDI) funding to further assist communities disparately impacted by the pandemic
Acting on behalf of the Ohio Movement has never been easier. Simply visit Voter Voice and submit or customize a pre-written email to your congressional leaders. Thank you for standing up for cooperative financial services as the League continues urging the Ohio delegation to protect more than three million members.
Contact League Director of Legislative Affairs, Cory Fleming, or Sr. Manager of Political and Grassroots Affairs, Andrew Canan, for questions or assistance.
T: (614) 923-9705
C: (614) 395-0371
T: (614) 923-9710
C: (614) 512-0330
Contact Andrew Canan for questions or assistance.