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Congress Approves PPP Extension thru May 31st

Congress Approves PPP Extension thru May 31st

Congress Approves PPP Extension thru May 31st

March 30, 2021

The Senate last week approved legislation extending the Paycheck Protection Program through May 31, a week after the House approved the same extension. The PPP was reauthorized at $284 billion earlier this year and was scheduled to expire March 31.

The bill also gives the Small Business Administration until June 30 to process backlogged PPP loan applications.

Cornerstone Credit Union
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Your deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), with an added safety net of private insurance (Excess Share Insurance/ESI) for an additional $250,000. This is the highest combination of federal and private insurance available to consumers.