Recently the NCUA changed an important accounting rule regarding the administration of the SBA’s Paycheck Protection Program (PPP). Since this change, LutheranFCU has become a recognized SBA partner and has received full authority to originate PPP loans.
The first step is for interested congregations, schools and RSOs to become LutheranFCU members, and they have streamlined the process for this program. Interested organizations can apply here:
The second step will be to apply for the PPP. LFCU has an online application, including electronic signatures. Again, please note that organizations must first be LutheranFCU members before LFCU can submit the PPP applications.