PPP lender · derived table
First Source Federal Credit Union
First Source Federal Credit Union appears in the SBA PPP loan-level file with 30,864 loans and $4.1 billion in approved dollars, an average of $132,756 a loan. That is 0.27% of the 11,468,171 loans the file records, rank 33 of the 500 largest lenders by approved dollars and rank 41 by loan count. Borrowers on those loans reported 482,264 jobs, 15.6 a loan, and $8,496 of approved dollars for each reported job.
Totals
| Loans | 30,864 |
| Approved dollars | $4,097,368,486.56 |
| Average loan | $132,755.59 |
| Share of program loans | 0.2691% |
| Rank by approved dollars | 33 of 500 |
| Rank by loan count | 41 of 500 |
| Jobs reported | 482,264 |
| Jobs per loan | 15.6255 |
| Approved dollars per reported job | $8,496.11 |
| Borrowers | 28,935 |
| Loans per borrower | 1.067 |
| Lender type (archive classification) | Credit union |
| Modeled processing fees | $142,796,530.01 |
| Modeled fees, 2020 first-draw loans | $102,347,020.88 |
| Modeled fees, 2021 first-draw loans | $4,902,886.76 |
| Modeled fees, 2021 second-draw loans | $35,546,622.37 |
| Modeled fee per loan | $4,626.64 |
| Rank by modeled fees | 41 of 4,688 originating lenders |
Loans made by BBVA USA
30,657 loans ($4.09 billion) that the SBA file lists under this name at lender location 760 (Rome, NY) were made by BBVA USA. PNC Bank, which absorbed BBVA USA on October 8, 2021 (FDIC BankFind record), services all of them; most borrowers are in BBVA USA's states (Texas 16,084, Arizona 3,447, Florida 3,176, Alabama 3,046); and their 2020 total, $3.255 billion, is in line with the $3.2 billion of SBA PPP loans in BBVA USA Bancshares' third-quarter 2020 10-Q. First Source Federal Credit Union's own PPP loans are the 207 at location 102000 (New Hartford, NY).
These loans are counted in the totals above.
Named in the archive
None in the archive: no court filing or source document carries this name in its title or description.
Data and method
Totals come from SBA's PPP loan-level file (FOIA release of 2024-09-30); ranks are among its 4,688 named originating lenders. Modeled fees are computed loan by loan from SBA's published fee schedule, because SBA never published what it paid each lender. Jobs are self-reported; dollars are approved, not disbursed; the totals leave out 39 source rows. The per-lender totals page has the full method.