Low-income credit unions can apply for CDRLF grants starting May 2

by David Baumann, CUCollaborate
NCUA

Eligible credit unions with a low-income designation may apply for Community Development Revolving Loan Fund (CDRLF) grants between May 2 and June 24, the National Credit Union Administration (NCUA) announced today.

The agency plans to award more than $1.5 million in grants across four categories:

  •  Underserved Outreach. The agency will award grants of up to $50,000 to assist credit unions in expanding their reach to underserved communities and improving their members’ financial well-being.
  • Small Credit Union Mentoring. The agency will award grants of up to $25,000 to match small credit unions with larger mentor credit unions in an effort to build capacity and expand services.

 

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