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Important Notifications

Branch Services Notification

Hours and service availability are updated regularly based on regional conditions. Please visit our branch services page to plan your visit.

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Small Business & Commercial Real Estate Relief

Payment relief during uncertain times

WSECU understands the challenges many small businesses and commercial real estate owners are facing right now, and we’re providing options to help.

Small business payment relief options

Skip-a-Pay — This benefit is temporarily available for Small Business loans. Please contact our small business team to get started.

Small Business Emergency Loan — We’ve created a special loan* to help our small business members with their financial needs.

  • 6% fixed APR
  • Loans up to $10,000
  • Repayment terms up to 36 months
  • 90 days before first payment is due

Annual percentage rate. Must be an existing WSECU member as of Feb. 1, 2020. Loan amount based on maximum gross monthly income. Standard underwriting rules and conditions apply.

SBA Paycheck Protection Program

WSECU is approved by the Small Business Administration (SBA) to be a Paycheck Protection Program (PPP) lender. We are currently accepting applications for First Draw PPP Loans and Second Draw PPP Loans.

  • WSECU members who opened business accounts with us prior to February 15, 2020, are eligible to apply.
  • Applications are being accepted and reviewed on a first-come, first-served basis through May 21, 2021.
  • We cannot guarantee federal funding will continue to be available, and we cannot guarantee the SBA will approve all loan requests.
  • We are working to accommodate as many requests as we can. We ask for your patience and understanding while we work through the process and turnaround times.
  • If you need immediate funding, you may want to consider a small business emergency loan. (Note: this is different from the PPP.)

First Draw Paycheck Protection Program loan overview

  • Available for small businesses with fewer than 500 employees
  • Need for funds must be tied to current economic conditions
  • 1% fixed interest rate
  • Five-year repayment term
  • Six-month payment deferral (interest continues to accrue)
  • May be eligible for loan forgiveness if certain criteria are met

Second Draw Paycheck Protection Program loan overview

  • Available for small businesses with 300 or fewer employees
  • For businesses that received a First Draw PPP loan and have/will use the full amount for authorized uses only
  • A minimum 25% reduction in gross receipts between comparable quarters in 2019 and 2020 must be demonstrated
  • Same terms and conditions apply as First Draw PPP Loans
  • May be eligible for loan forgiveness if certain criteria are met

Additional information is available on the SBA website.

How to apply

  • If you are a current WSECU member and are interested in applying, please contact us.
  • We’re reviewing applications in the order received and will send the required documents to complete along with a secure link to upload and return completed documents.

Small Business Administration Paycheck Protection Program Loan Forgiveness

  • We are accepting Paycheck Protection Program (PPP) loan forgiveness applications through our partner, Alpharank.
  • Complete and submit your application online through the Alpharank portal.

Quick Tips

Document your eligible payroll and non-payroll costs as prompted in Alpharank's PPP loan forgiveness application. Here are some things to know:

  • Use the 24-week Covered Period or Alternative Payroll Covered Period.
  • If you were funded before June 5, 2020, you can choose to use an 8-week or 24-week Covered Period or Alternative Payroll Covered Period:
    • Covered Period starts the day loan funds were deposited into your WSECU Business Checking account.
    • Alternative Payroll Covered Period starts the first day of the first pay period following deposit of loan funds.

Eligible payroll costs include:

  • Employee compensation
  • Cash tips
  • Payment for leave
  • Employee benefits

Eligible non-payroll costs include:

  • Interest payments on mortgages
  • Rent payments on leases
  • Utility payments

Commercial real estate payment relief options

Our Commercial Loan Officers are here to work with you to find options that best meet your specific needs. Options may include**:

  • Payment deferral
  • Interest-only payments
  • Loan modification

Please send a request to our Commercial Lending team to get started.

** For consideration of these options, members and guarantors will be required to provide current financials and answer questions explaining how they have been impacted by COVID-19. Other conditions may apply.

COVID-19 Resources


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