WASHINGTON–Although the amount budgeted is lower than the current level, funding for both Treasury’s Community Development Financial Institution (CDFI) Fund and NCUA’s Community Development Revolving Loan Fund (CDRLF) is included in the FY26 Financial Services and General Government bill that was advanced by the House Appropriations Committee late Wednesday, according to America’s Credit Unions.
Both areas of funding have been priorities for credit unions after the Trump administration moved to eliminate funding for the programs.
The House bill funds the CDFI Fund at $276.6 million for FY26, approximately $50 million below the 2025 appropriation. The bill budgets $3.4 million for the CDRLF, which funds technical assistance grants for credit unions.
As the CU Daily has previously reported, approximately 450 of the 1,375 total CDFI-certified institutions are credit unions.
Additional Language
America’s Credit Unions said the House bill also has other provisions it supports, including language to:
- Prevent the Small Business Administration from becoming a direct lender
- Prohibit the Federal Reserve from issuing a central bank digital currency (CBDC),
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