ALEXANDRIA, Va.– NCUA is reminding that low-income-designated credit unions have until July 1 to apply for 2024 Community Development Revolving Loan Fund grants.
The agency said it will administer more than $3.4 million in CDRLF grants to the most-qualified applicants, subject to the availability of funds. Eligibility and award categories information is available here, and credit unions with questions about the grants should contact the NCUA’s Office of Credit Union Resources and Expansion at CUREAPPS@ncua.gov
The agency said a video explaining how to apply for a CDRLF grant is available on the NCUA’s YouTube Channel.
NCUA said 2024 CDRLF grant round is open to credit unions with a low-income designation. Minority depository institution credit unions are not eligible for funding in this year’s grant round if they do not have the low-income designation.
Credit unions with questions about the low-income designation should contact the NCUA’s Office of Credit Union Resources and Expansion at dcamail@ncua.gov.
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