Reminder: 2023 CDRLF grant round closes Friday, June 30
$3.5 million available; Credit Unions should review eligibility before applying
ALEXANDRIA, VA (June 26, 2023) — Low-income and MDI credit unions have four more days to submit applications for Community Development Revolving Loan Fund grants.
All the necessary information a credit union needs to apply is available on the Grants page of the agency’s website, NCUA.gov. The agency will offer technical grants in five categories—Underserved Outreach, MDI Capacity Building, Consumer Financial Protection, Digital Services and Cybersecurity, and Training—and in two pilot programs: Impact Through Innovation and Small Credit Union Partnerships.
Grant applications must be submitted online through the NCUA’s CyberGrants portal. Credit unions with either a low-income or minority depository institution designation are eligible to apply. Credit unions with questions on the 2023 grant round may contact the NCUA’s Office of Credit Union Resources and Expansion at CUREAPPS@ncua.gov.
To apply for a CDRLF grant, a credit union must have a current account with the System for Award Management, or SAM, and a unique entity identifier number they will receive when they create a SAM account. Credit unions that have an existing SAM account must recertify and maintain an active account annually. SAM users may register or recertify their accounts by following the system’s registration instructions. There is no charge for registering or recertifying a SAM account.
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.
