Real Estate

Why millions of Americans are now tapping credit unions for loans


When the state-mandated shutdowns started last March, Skyler Fort, a painting contractor in northern Michigan, turned to his local credit union, 4Front Credit Union, for a PPP loan. 

Many Americans sought out loans in the past year, and Fort said he chose the credit union over a bank “based on the more personal feeling relationship.” Though he previously had bank relationships, he moved his accounts to the credit union, and in the end, the $55,000 PPP loan helped his business, Fortified Coatings, retain its five full-time employees and keep 14 additional contract workers as business revved up in the summer.  

It’s not surprising that many Americans have received loans in the past year…


Ford ups investment in electric and autonomous vehicles to $29 billion through 2025

Previous article

Snap (SNAP) earnings Q4 2020

Next article

You may also like

Leave a Reply

Notify of

More in Real Estate