Credit unions eligible to apply for the National Credit Union Administration’s minority depository institutions mentoring grants now have until Nov. 14 to submit their applications.
The NCUA will make approximately $100,000 available to low-income credit unions with the MDI designation to support mentoring relationships that allow larger, experienced credit unions to provide guidance to other MDIs to help them better serve low-income and underserved populations.
Interested credit unions can apply through the agency’s CyberGrants portal. Application guidelines are available online here. Staff from the NCUA’s Office of Credit Union Resources and Expansion will be available to answer questions about the program through Nov. 10. Credit unions can submit questions to CURE staff by email to CUREAPPS@ncua.gov.