Funding for the Payroll Protection Program has been exhausted. Contact your members of Congress and encourage them to provide more funding for this program. First Education is offering loans through the Payroll Protection Program (PPP). We have funded loans and are comfortable with the process. If you are interested in applying for a PPP loan email loans@firstedfcu.com and we will contact you. Information on PPP can be found at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp. The documentation we will require from you are a completed PPP application, the company’s FORMs 941 for 2019, FORM W-3 for 2019, and FORMs W-2 for all employees for 2019.

The first wave of CARES Act stimulus payments will be posted to accounts on April 15. Did you get yours? Look for a transaction with the description “TAX REF”. Click HERE for the latest information from the IRS. Beware of stimulus payment and other coronavirus scams. Only get your information from reputable sites. Do not trust information from social media sites. Click HERE for information on how to avoid coronavirus scams.

The global pandemic has not only caused health and economic issues, but also opened uncertain American’s up to a host of fraud. Everything from fake COVID home-tests and cures to emails claiming to be from the IRS, American’s are under attack by criminals looking to steal identities and make a quick buck at your expense. The Federal Trade Commission recently reported that already nearly $13 million has been stolen from victims, with a median loss of $570 per person who reported the fraud (FTC, April 12, 2020). It’s likely some victims didn’t report their losses so that figure could actually…

READINESS INFORMATION Updated April 12, 2020 Stay Home, Stay Safe, & Stay Healthy Your credit union is doing its part to keep you, our staff, and our community healthy while continuing to provide the financial services you need. Many of our employees are working from home but they have full access to our systems and calls are being forwarded to them. We are ready to help with your financial needs. Contact us by phone at 307-432-7400, email us at ms@firstedfcu.com, or text us at 307-432-7400. Lending questions can be emailed directly to loans@firstedfcu.com or by text to 307-432-7422. We anticipate…

Bruce Curl and Mary Quast have each been elected to serve a three-year term on the Board of Directors. Information on Directors Bruce Curl has been on the First Education Federal Credit Union Board of Directors since 1997 and is a past board chair. Bruce spent more than 37 years in college and university human resource, including 23 years at LCCC, 5 years at the University of Wyoming and 9 years in Illinois. He holds master’s degrees in business and administration. Bruce and his wife Martie live in Cheyenne. Mary Quast has been a member of the Credit Union since…