Updated Minnesota Credit Union Impact Report

Minnesota credit unions have responded to the financial implications of COVID-19 by providing their members relief from mortgages, auto loans, credit card payments and business loans.
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Updated data in a special survey from more than three quarters of Minnesota Credit Unions indicate that:

• Provided over 1,300 emergency loans;
• Provided extensions on over $798 million in business loans;
• Provided extensions on over $300 million in mortgages;
• Waived over $1.8 million in late fees; and
• Administered over 4,500 PPP loans totaling over $180 million.