NCUA, CDFI Fund to cohost webinar on small-dollar loan program
Approximately $13.5 million will be available through the CDFI Fund
ALEXANDRIA, VA (May 12, 2021) — Credit unions are invited to learn more about the Department of the Treasury’s Community Development Financial Institutions Fund’s Small-Dollar Loan Program during a webinar scheduled for Thursday, May 27, beginning at 2 p.m. Eastern.
Online registration(opens new window) for this 60-minute webinar, co-hosted by the National Credit Union Administration and the CDFI Fund, is open now. Participants will be able to log into the webinar and view it on their computers or mobile devices using the registration link. They should allow pop-ups from this website.
Staff from the NCUA and the CDFI Fund will describe the program and discuss eligibility and permissible uses of these funds. A question-and-answer session will follow the presentation. Credit unions should review the CDFI Fund’s Small-Dollar Loan Program webpage(opens new window), including information about the application process and timeline.
The CDFI Fund anticipates up to $13.5 million will be available for this program in 2021. Credit unions that are not certified as CDFIs may still be eligible for the program through partnerships with CDFIs or any federally insured depository institution whose primary mission is serving targeted investment areas.
Participants can submit questions anytime during the presentation or in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “CDFI Small Dollar Loan Program.” Please email technical questions about accessing the webinar to audience.support@on24.com. This webinar will be closed captioned and archived online approximately three weeks following the live event.
About National Credit Union Administration (NCUA)
The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.
