Paycheck Protection Program

Welcome to the Paycheck Protection Program at Oregon State Credit Union.

Use the resources here to: Learn more about forgiveness of a loan and take advantage of helpful resources.

Notice: SBA is no longer accepting PPP loan applications

The SBA has discontinued accepting Paycheck Protection Program applications from all financial institutions including Oregon State Credit Union.

SBA PPP — loan forgiveness

Use this section to learn how to prepare and successfully apply for PPP loan forgiveness. Be sure to read all guidelines and tips, including what you can do now to prepare for possible loan forgiveness.

  • Please note that the loan forgiveness may be challenging if the guidelines are not followed.

    • Businesses must educate themselves and make decisions that conform to the rules and guidelines set by the SBA.

    • Borrowers must consider the tax implications. It's best to consult regularly with a tax advisor.

    • For information regarding PPP loans, contact us at 541-714-4000, ext. 5705 or

How to apply for PPP loan forgiveness

We are accepting SBA PPP loan forgiveness applications for loans originated by Oregon State Credit Union.

  • Notice: For forgiveness applicants who file IRS Form 941 and Oregon quarterly wage reports

    • The SBA rules require that you provide your IRS 941 and Oregon quarterly wage reports for your chosen covered period when applying for loan forgiveness. In order to avoid processing delays, we ask that you please have these items ready to submit with your forgiveness application.

Oregon State Credit Union offers two options to apply for SBA PPP loan forgiveness:

1) For borrowers who have an SBA PPP loan of $150,000 or less — We recommend you apply directly through the SBA. To start, click the link below and select "Register to Start Your Request."

Start PPP loan forgiveness | SBA direct

The SBA has provided a customer service number and user guide to assist you during the forgiveness application process. Oregon State Credit Union will still be required to review and approve your request for forgiveness prior to the SBA’s final forgiveness application decision.

  • Notice: The number of employees listed on your application for loan forgiveness must match the number of employees included on your original PPP application. If the numbers do not match, the processing of your application and loan forgiveness will be delayed.

2) For borrowers with SBA PPP loans greater than $150,000 — You will need to apply for forgiveness with Oregon State Credit Union. Please read the following instructions and select the link below to begin the process.

For PPP borrowers applying directly with Oregon State Credit Union only (from option 2 above)

Before you begin:

  1. Read the guidelines and instructions on this page, including: what you need to do, what we'll do and tips for your application process.

  2. Use a desk or laptop PC and plan for about 40 minutes to complete your application.

  3. Collect the following information:

  • Email — The address where you have been receiving SBA PPP correspondence and updates from Oregon State Credit Union.

  • Business Tax ID Number or Social Security Number — If used for the business.

  • SBA PPP loan number — The number is located at the top of your Paycheck Protection Program Note.

SBA PPP loan number location - Sample Oregon State Credit Union Note

Here's what you need to do

Start the forgiveness process by clicking the “Start Forgiveness Application” link below. The link will lead you to a login with instructions where you will complete the login process.

After logging in:

  • Complete the online questionnaire. Your responses to the questionnaire will be used to create the forgiveness application.

  • Upload supporting documents through the secure link, preferable as PDF files.

    • The questionnaire contains a list of examples of supporting documents.

    • For sole proprietors with no employees and independent contractors, please submit a copy of your 2019 Tax Return Schedule C.

    • Consult resources such as the Small Business Administration for additional information on acceptable supporting documentation.

  • Submit your questionnaire for review – you will be required to electronically sign your application for forgiveness once it has been reviewed and accepted by Oregon State Credit Union. A separate email link will be sent to you to perform this action.

Here's what we'll do

After you complete the initial forgiveness application process through the link provided, Oregon State Credit Union will:

  • Review the application for completion.

  • Assist in making corrections if necessary.

  • Request corrections or additional documentation through email.

  • Send a link to you for review and required electronic signature of your forgiveness application (does not apply to those submitting forgiveness applications directly through SBA).

  • Submit your application to the SBA for final forgiveness.

  • Notify you of the SBA PPP loan forgiveness decision.

Start PPP loan forgiveness | SBA

Helpful tips for your PPP forgiveness application

  1. Communication — Communication through this process will primarily be through the email on record with Oregon State Credit Union. Be sure to check your email account as well as your junk mail inbox regularly for the most up-to-date information and/or required actions regarding your application.

  2. Documentation — To expedite the application processing, all documentation should be sent through the secure portal accessed through the links provided on this website. Please send supporting documents in a PDF format to expedite processing. Please do not send forgiveness applications or supporting documents to us by any other method, including delivery to a physical branch location, without first consulting a representative from Oregon State Credit Union.

  3. Calculation — Borrowers are responsible for performing all calculations and providing the required documentation as stipulated by the SBA.

  4. Questions — If you have questions about your business’s ability to apply or eligibility requirements for loan forgiveness, please consult the following resources:

What can borrowers do to prepare for possible loan forgiveness?

  • Carefully document expenditures and business activity during the required fund use period

  • Monitor and understand the PPP guidelines as they evolve

  • Monitor and understand IRS rules, consulting with a tax advisor regularly

  • Utilize PPP funds for eligible purposes and within the stipulated timelines

  • Understand requirements related to employee headcounts and compensation levels

Resources for the SBA PPP process

Can't access an application link?

If you are unable to access an application link, or need to make other arrangements for submitting documentation, please contact us at 541-714-4000, ext. 5705 or

Additional information

The National Association of Federally-Insured Credit Unions (NAFCU), in an update about their Virtual Congressional Caucus, said that SBA Administrator Jovita Carranza “…called credit unions ‘frontline heroes’ as it relates to saving the economy and putting the country on a strong path to recovery. She highlighted that credit unions issued more than 200,000 PPP loans, with 80 percent being less than $50,000 – meaning that they went to the smallest businesses hit hardest by the pandemic. She also touted that credit unions' PPP loans accounted for more than 1 million jobs.”


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