Community Development Grant Applications starts July 1st
NCUA has around $2 Million in Community Development Revolving Loan Fund (CDRLF) grants available. These grants are available to credit unions with a low-income designation. More information can be found on the grant web page. The types and maximum award for each are listed in the table below.
|Loan Category||Maximum Dollar Amount||Application Deadline|
|Leadership Development||$10,000||July 31, 2017|
|Digital Services & Security||$7,500||July 31, 2017|
|Small, low-income Credit Union Capacity (under $30 Million)||
|July 31, 2017|
|Underserved Communities||$25,000||August 31, 2017|
Applications must be submitted no later than 3 p.m. Eastern on the deadline date.
NCUA will also host a webinar on June 14th, 2017 to explain the application process.