Business View Magazine | January 2021

263 BUSINESS VIEW MAGAZINE JANUARY 2021 With lending rates being at record lows, Workers has seen a tremendous uptick in mortgages, including refinances and new home purchases. Petersen relates, “We were concerned about our consumer loan volume going down but, after a bit of a lull, it came storming back. In the summer months, we wrote more loans than last year, which we weren’t really expecting. The volume has been really strong. On the business banking side, we are proud to say that we saved over 1,600 local jobs by providing SBA Paycheck Protection Program loans to our business banking members. On the large commercial loan side, we’re continuing to make sure the credit quality is there for every commercial application, as we underwrite those risks for the new economic environment.” To aid members through the crisis, the credit union deferred about $150 million in loan and mortgage payments for more than 2,000 members who asked for assistance. “It’s very WORKERS CREDI T UNION