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Compeer Financial offices are open to the public, with standard health protocols in place. Learn more about what we’re doing to keep everyone safe during this time.

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COVID-19 Update

Home > COVID-19 Update
Updated September 18, 2020
 

Paycheck Protection Program

We’re pleased to be accepting client forgiveness applications for the Paycheck Protection Program or PPP, the SBA forgivable loan program created to assist small businesses in meeting payroll and other critical expense needs. Click here for more information on how to apply for forgiveness!


Financial Assistance
At Compeer Financial we know that COVID-19 has brought challenges to agriculture and rural communities, no matter where you are or what industry you’re in. Our goal has always been to be there for our clients, through good and challenging times. We are committed to that goal and we resolve to work with our clients as they navigate the impacts of COVID-19. Compeer is here for you and ready to help.

If you have been impacted financially by the COVID-19 outbreak, we have many options for you to explore. We know that each individual situation is different, and you’ll likely have questions along the way. Please contact your lending officer directly or click here to fill out our client assistance form and one of our financial experts will be in touch with you soon. You can also contact us at (844) 426-6733.

Lifeworks Resource Program
We know life in rural America isn’t easy right now – the challenges we face can feel overwhelming and stressful. Compeer Financial is pleased to provide our clients and their families access to our Lifeworks Resource Program. This free program connects you with tools and resources to help navigate challenges related to work, family, life and health – whether it’s a quick question or a larger issue.
   
RESOURCE PROGRAM
   
 

Economic Injury Disaster Loan Program (EIDL)
The SBA is now accepting applications from agricultural and small businesses for the Economic Injury Disaster Loan (EIDL). Eligibility for EIDL was expanded as part of the federal CARES Act, which provides relief for American workers and small businesses impacted by the COVID-19 pandemic.

Small businesses of less than 500 team members can apply for a loan of up to $2 million under the EIDL program. A key benefit is the potential for an applicant to receive $1,000 per employee, for a maximum of $10,000, just days after a successful application has been submitted. This advance doesn't have to be repaid, even if the applicant is ultimately denied the loan or decides to withdraw their application.

Unlike applying for the Paycheck Protection Program (PPP), which requires applicants to work with their lender, clients must directly apply for an EIDL directly through SBA. More information can be found on the SBA website.

Compeer Financial Offices to Reopen to the Public on July 8
Compeer Financial offices will again be open to the public starting July 8. We'll also continue serving clients virtually and by appointment.

Here's what you can expeect if you visit a Compeer office:
  • Signs are posted at our entrances and within buildings to explain our safety precautions.
  • Compeer team members will be wearing face coverings in accordance with CDC guidance and local ordinances.
  • We're requiring visitors to also wear a face coverings, practice social distancing and refrain from personal contact. Masks are available for your convenience.
  • Our service counters will have a clear barrier in front of them as a further safety measure.
  • We request you avoid touching surfaces to the extent possible.
  • If you're not feeling well, we ask you to delay your visit and reschedule your meeting, or if possible, conduct business using our online resources.
We will continue to evaluate the situation and monitor recommendations from the CDC and government agencies, and will continue to adjust our plans accordingly.

Our Online Resources & Dedicated Call Center
While our offices have reopened, you can still connect with us using our online resources and our Contact Center to get business done.

  • Compeer Contact Center: our dedicated and experienced team is ready to assist you with personalized and reliable service. Call our Contact Center at (844) 426-6733 to get help with your questions, accounts, transactions, billing, online banking and much more.  

  • Online Banking: connect with your accounts 24 hours a day, 7 days a week. With Compeer’s Online Banking, you can view your accounts, check your transaction history and move money. Learn more.  

  • Compeer’s Mobile Banking App: download our mobile banking app to make payments on your loan, deposit checks using remote deposit, view your account balances and much more. Our app provides you with the ultimate in convenience for managing your finances – anytime and anywhere from your mobile device or tablet. (Note: you must first enroll in our online banking before you begin to use the app). You can find the Compeer Financial app in your mobile device’s app store. 

  • MyCompeer: create an account for our MyCompeer client portal. In this tool, you can view your account information and statements, in addition to sending and receiving files or documents to and from the team at Compeer Financial. Learn more.

If you need assistance logging into or using our digital tools, call Compeer at (844) 426-6733 and a member of our team will be happy to help you. We can also accommodate electronic payments, please call us today for assistance (please note, ACH payments take one business day to become effective).

Committed to Rural America

Compeer Financial has always been committed to serving rural America, and our commitment is stronger than ever as we face unique challenges due to the COVID-19 outbreak.
 
In partnership with Compeer’s Fund for Rural America, we’ve dedicated $830,000 to COVID-19 relief efforts. These funds will directly impact organizations and community partners who are supporting COVID-19 relief efforts. 

We will continue to monitor the situation and evaluate additional measures to support our clients based on the recommendations of government agencies and public health authorities.