Business View Magazine l January 2023
122 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 12 In North Dakota, 27 unique credit unions provided nearly 1,400 PPP loans under $150,000 (in fact, the average loan size was just $23,000) to small businesses in the state. These loans totaled almost $32 million in assistance – helping to retain more than 4,880 jobs. Again, these loans went primarily to small, local main street businesses. Our great country had never seen a shutdown of this scale, nor have financial institutions ever had to deal with operating under the health and safety precautions that were enacted. Despite the tremendous challenges, credit unions continued to provide the personal care, attention, and safety net that is so well represented by “The Little Man,” the iconic image in U.S. credit union history. First presented by artist Joe Stern
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