Loan Forgiveness

Please visit the SBA and US Treasury websites for the most current information regarding loan forgiveness details and applications.

Like all lenders, we are waiting on guidance from the SBA and US Treasury about how to process applications, but we anticipate that we will be able to process applications by mid-August.

UFCU will use a third-party vendor to assist with the completion of loan forgiveness applications and the gathering of necessary documentation. As soon as we are able, we will provide a link for you to begin the application process.

We ask for your patience as we obtain guidance from the SBA on processing loan forgiveness applications. We will provide additional updates to this page about when and how we will begin accepting applications for forgiveness.

If you have questions about the calculation of your PPP forgiveness application, we recommend you contact your CPA.

Last Update, August 1, 2020: The Paycheck Protection Program has been extended through August 8, 2020. To allow time for processing, we will no longer accept new applications beginning August 1.