Member
Joined: Jan 2008
Posts: 99
Rlcarey,
A follow up question, if I may. I work for a federal credit union. We don't offer business loans. However, some of our members are receiving PPP funds into their personal accounts. Most of these members are small business owners with zero or only a few employees. They are probably a bit sloppy separating business and personal finances in many cases, so I wouldn't necessarily call it fraud (but it may be). Does it change your take on our side of the transaction? Should we make them open a business account for their funds or tell them to keep the funds at their primary FI for their business?
Thank you,
Last edited by Loynograd; 06/18/20 07:50 PM.