ALEXANDRIA, Va.--NCUA has awarded $3.47 million in Community Development Revolving Loan Fund grants to 97 low-income designated credit unions, the agency announced Monday.
NCUA awarded grants ranging from $1,800 to $100,000 to credit unions in 36 states and Puerto Rico. Seventy-nine awardees were small credit unions, and 18 were first-time applicants. NCUA made awards in six categories:
- Impact through Innovation (Pilot Program): 3 grants totaling $300,000
- New Charter Capacity Building: 5 grants totaling $175,000
- Student Internship: 7 grants totaling $175,00
- Technology, Cybersecurity, and Artificial Intelligence: 35 grants totaling $752,200
- Training: 5 grants totaling $103,800
- Underserved Outreach: 42 grants totaling $1,959,000
Information about CDRLF grants and a complete list of awardees are available on NCUA’s website.