ALEXANDRIA, Va.–Funding for the COVID-19 urgent need grants initiative has been fully utilized and new applications will no longer be accepted, NCUA announced.
NCUA said it will complete the review process for COVID-19 urgent need grant applications that are currently pending, and will notify credit unions of its decisions on those applications by email.
Urgent need grants will remain available for events not related to the pandemic. Federally insured, low-income-designated credit unions may apply for grants up to $7,500 for emergency and natural disaster relief, the agency said.
Eligible credit unions wishing to apply for urgent needs grants should review the NCUA’s Urgent Need Grants Guidelines, and aply through the agency’s CyberGrants portal.
Credit unions with questions should contact the Office of Credit Union Resources and Expansion by email at CUREApps@ncua.gov.