PPP

United Methodist Connectional FCU prepares for the second round of the PPP

1/12/2021 - UMC FCU is continuing to prepare to help United Methodist Churches in the administration of the Paycheck Protection Program. We are awaiting notice from the Small Business Administration and Treasury Department for when we can begin processing applications. At that point, we will open an online portal for ease of process and communication. As you have questions, please contact Jonathan Curtis at jonathanc@unitedmethodistcu.com.

As we have been approached by several churches for this, here is some of the information that will need to be calculated and/or documented.

  • Average monthly payroll for 2020 or 2019. Your PPP funds will be this figure times 2.5
  • Gross revenue for 2019 and 2020. Churches requesting a second draw will need to show a 25% decrease in revenue in corresponding quarters over 2019 and 2020. For example, 1st quarter 2019 to 1st quarter 2020. It is also possible to show a 25% decrease in revenue for the whole year.
  • For churches getting a second draw, a record of payroll expenditures compared with the PPP funds received
  • Employee records, specifically number of employees

This may not be an exhaustive list, but will be useful in getting started. Further information can be found at www.sba.gov, or by contacting Jonathan at United Methodist Connectional FCU.

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You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

Cancel Continue to Site

Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

Cancel Continue to Site

Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

Cancel Continue to Site

Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

Cancel Continue to Site

Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

Cancel Continue to Site

Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

Cancel Continue to Site

Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

Cancel Continue to Site

Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

Cancel Continue to Site

Important Message

You are leaving UMC Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by UMC Federal Credit Union. The site you are about to visit may have a privacy policy that is different than UMC Federal Credit Union’s. Please review their privacy policy. UMC Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.

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