ICUF Emergency Relief Fund Receives 11,000+ Applicants, Additional Funding Needed
On Wednesday, April 1, the Iowa Credit Union Foundation (ICUF) opened applications for the newly created Emergency Relief Fund to provide grant assistance to Iowans who have been financially impacted by COVID-19.

To date, more than 11,000 applications for grant funding have been received, and over $587,000 has been raised to support the fund. But, the work is not done. An overwhelming amount of Iowans are experiencing hardships.

Please consider making a donation to the Emergency Relief Fund, and encouraging others to do the same. Donations of all sizes, even if just $10, will make an impact. Thank you to those who have already shown your support through a donation. Your participation in the 'people helping people' credit union way has not gone unnoticed.
CARES Act - Small Business Administration Payment Protection Program Loans
PolicyWorks has created a guidance considerations resource for the Small Business Administration (SBA) Payment Protection Program (PPP). The document contains information on:
  • Eligibility
  • Loan usage
  • Loan terms
  • Application process/requirements
  • When loans can be made

To find further credit union COVID-19 resources, visit the ICUL resource website or PolicyWorks page .
New ICUL Virtual Roundtables Scheduled for Next Week
Thank you to the more than 330 attendees who joined ICUL's virtual roundtables this week. This new format is allowing for collaboration, sharing and learning from one another in this changing time.

ICUL will be hosting additional virtual meetings in the upcoming weeks to facilitate conversations between credit unions and experts on topics including loan modifications, remote online notary, short term and long term credit union impact and other industry-related topics as speakers are available. Notes will be posted to our  resource page  following each event. Please see below for the current schedule of meetings and topics for discussion.


Education events and updates can be found on the ICUL education page . If you have a suggestion for a speaker, please email COVID@iowacreditunions.com .
Remote Online Notarization Begins in Iowa
As credit unions and credit union members alike are practicing social distancing, remote notarization is becoming a useful tool for business continuity.

ICUL and PolicyWorks teams created a remote notarization guide for credit unions, and Barker, Hodgson & Miller, P.C. have created a vendor due diligence resource document - both housed on the ICUL COVID-19 resources website .

Should you have questions about remote online notarization, email COVID@iowacreditunions.com to reach the ICUL team.
CUNA Credit Union Impact Survey
CUNA is requesting your participation in a survey to gather information on what credit unions are doing to provide COVID-19 relief. Please share your experiences so good ideas and best practices can be aggregated and shared to help tell the credit union difference as we continue to advocate for our movement.

Questions about the survey? Email contact Charles Dahan at cdahan@cuna.coop .
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