Leverage the CARES Act to Benefit Your Credit Union

Did you know that your credit union may be eligible to receive a tax credit up to $26,000 per employee because of the CARES Act Employee Retention Tax Credit? LEVERAGE, One Digital, and Synergi Partners can help your credit union with 25 or more employees get the most money back during this upcoming tax season. These are refundable payroll tax credits that can be used by the credit union in any manner to improve operations, facilities, or employee development.

To be eligible, your business must have been fully or partially suspended due to government orders OR experienced a reduction in year-over-year gross receipts of 50% in 2020 and 20% in 2021. The vast majority of credit unions qualify under the partial suspension pathway.

For more information, visit myleverage.com/solutions/onedigital.php.  To get started, visit synergipartners.com/leverage/.

Written by
Lizeth George
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About Us

The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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