The Paycheck Protection Program Flexibility Act of 2020 brings new guidance to the loan forgiveness process. The new act introduces leniency in the form of extended loan periods and new standards for employee compensation.
But despite this new flexibility, the hard part is still to come:
Handling forgiveness requests will be tedious, complex, and difficult. However, it doesn’t have to be. Credit unions can simplify the PPP loan forgiveness process for their small business members with member-driven design elements:
- Streamlined, intuitive UI/UX
- Transparency and gamification
Join Capiform and CU 2.0 for a webinar to discuss updates in documentation and submittal, automation opportunities, and improving the member experience. View the recording here!
Continue reading “PPP Loan Forgiveness Updates and Automation Opportunities – Webinar”
Do you need a fast, scalable, PPP loan forgiveness platform?
Learn how to create a member-driven process for PPP loan forgiveness. In this webinar, Capiform and CU 2.0 will discuss:
- Required documentation and calculator
- Process automation opportunities
- How to provide a friendly, member-driven experience throughout
Do your small business members know what documents and information they’ll need to secure PPP loan forgiveness? And does your credit union have a process in place to help them achieve it?
This short webinar covered the basics.
Check out the recording of the webinar here:
Want a closer look at the platform?
54% of small businesses expect their Paycheck Protection Program loan forgiven according to a recent survey by the National Federation of Independent Business.
In this webinar Capiform and CU 2.0 discussed:
- How technology can help credit union’s face the challenges associated with the administration, audit and forgiveness stages of the Paycheck Protection Program loans.
- How to provide a member driven, user-friendly way for members to update their required documentation and securely interact with the credit union during this critical time.
The info covered in this webinar is a must-know for Credit Unions with a portfolio of PPP loans.
Watch the recording here:
If you’d like to learn more about Capiform’s PPP forgiveness solution, you can book a demo here!
There are countless opportunities for credit unions to spend money and improve services. But how about where they can save money and do the same?
We’ve put together a quick introduction to a few cost-cutting services for credit unions. As a bonus, they all provide opportunities to improve your products or services.
So, if you need to save money—or just make room in your budget for something else—look no further.
Continue reading “How Your Credit Union Can Save Money in 2020”
Yes, loans and interest-based income will continue to be prime income generators for you. Non-interest income just isn’t as lucrative or glamorous. Still, those pennies and dollars from each swipe can stack up. With the right approach, it’s possible to supercharge your interchange income.
With that in mind, we figured we should put together an interchange optimization guide for credit unions. The following vendors provide ways to increase your share of wallet—and the revenue that comes with it.
Continue reading “Interchange Optimization Guide for Credit Unions in 2019”