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
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 302 credit unions in Alabama, Florida and Georgia, with a combined total of $175 billion in assets and more than 11.6 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.