SHF Holdings announces extension, modification of PCCU agreement

SHF Holdings (SHFS) announced a four-year extension and modification of its commercial alliance agreement with Partner Colorado Credit Union. As a result, the $1.2M of indemnity liability reported on the balance sheet as of September 30, 2024, has been eliminated, and went into effect on January 1. In addition, as Safe Harbor continues to facilitate loans for its clients with PCCU, the company will no longer be required to record a loan loss reserve on its income statement.