ALEXANDRIA, Va. ― NCUA said it has awarded $3.47 million in Community Development Revolving Loan Fund grants to 97 low-income designated credit unions, the agency announced today.
The agency reported it awarded grants ranging from $1,800 to $100,000 to credit unions in 36 states and Puerto Rico. Seventy-nine awardees were small credit unions, and 18 were first-time applicants.
NCUA said it made awards in six categories, including”
- Impact through Innovation (Pilot Program): 3 grants totaling $300,000
- New Charter Capacity Building: 5 grants totaling $175,000
- Student Internship: 7 grants totaling $175,00
- Technology, Cybersecurity, and Artificial Intelligence: 35 grants totaling $752,200
- Training: 5 grants totaling $103,800
- Underserved Outreach: 42 grants totaling $1,959,000
How to Get More Information
The agency said information about CDRLF grants and a complete list of awardees are available on NCUA’s website. NCUA’s Office of Credit Union Resources and Expansion administers CDRLF grants to credit unions. The office supports credit unions seeking changes in their charters, bylaws, or fields of membership and groups organizing to start new credit unions.
