ALEXANDRIA, Va.–The deadline is this week for certain credit unions to apply to NCUA for more than $1.5 million in grants for expanding services to the underserved and to improve cybersecurity.
The grants are available to low-income-designated credit unions via the agency’s Community Development Revolving Loan Fund (CDRLF).The deadline to file is June 24.
According to NCUA the grant funding will go to the “most qualified” applicants in four categories:
- Underserved outreach (maximum award, $50,000)
- Small credit union mentoring (maximum award, $25,000)
- Digital services and cybersecurity (maximum award, $10,000)
- Training (maximum award, $5,000).
To apply for a grant, credit unions must have an active account with the NCUA’s System for Award Management (SAM) and a unique entity identifier number that CUs are given when they register for a SAM account.
NCUA said low-income-designated credit unions with an existing registration with SAM must recertify and maintain an active status annually, the agency said.
The agency added there is no charge for the SAM registration and recertification process; SAM users can register or recertify their accounts by following the instructions for registration on the agency’s website.
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