ALEXANDRIA, Va. (May 17, 2017) – Low-income credit unions interested in applying for Community Development Revolving Loan Fund grants can begin submitting applications on July 1, the National Credit Union Administration announced today.
An online application form, an explanation of grant requirements, and other information are available on NCUA’s website here. Through a competitive application process, NCUA’s Office of Small Credit Union Initiatives will determine credit unions’ eligibility and administer approximately $2 million to the most qualified applicants, subject to the availability of funds.
Each credit union may apply for funding under one of three initiatives as well as a separate initiative to support outreach to people living in underserved communities:
NCUA will host a webinar on June 14 to discuss the grant initiatives and the application process. Registration is now available online here (opens new window).
Kathryn Baxter, program analyst with the Office of Small Credit Union Initiatives, will be joined by community development financial analysts Ikenna Nwankpa and Susan Carter to discuss the grants program.
Participants will use the registration link to log into the webinar, and they should allow pop-ups from this website. They can submit questions in advance at WebinarQuestions@ncua.gov. The email’s subject line should read, “CDRLF Grants.” Participants with technical questions about accessing the webinar may email audience.support@on24.com. This webinar will be closed captioned and then archived online here approximately three weeks following the live event.
The Office of Small Credit Union Initiatives administers the Community Development Revolving Loan Fund grants as part of its mission to foster credit union development and effective delivery of affordable financial services for small credit unions, new credit unions, minority depository institutions, and low-income-designated credit unions.
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