ALEXANDRIA, Va.–NCUA announced low-income and MDI credit unions have until June 30 to apply for Community Development Revolving Loan Fund grants.
The agency said all the necessary information on this year’s grant round is posted on the Grants page at NCUA.gov.
NCUA said it will administer approximately $3.5 million in CDRLF grants to the most-qualified applicants, subject to the availability of funds. Grants will be awarded in five categories and two pilot initiatives.
According to the agency, applications must be submitted online through the NCUA’s CyberGrants portal. Credit unions with questions about CDRLF grants may contact the NCUA’s Office of Credit Union Resources and Expansion at CUREAPPS@ncua.gov.
What’s Required
NCUA said a credit union applying for a CDRLF grant must have an active account with the System for Award Management, or SAM, and a unique entity identifier number they will receive when they register for a SAM account. Credit unions with an existing registration with SAM must recertify and maintain an active status annually. SAM users can register or recertify their account by following the instructions for registration.
There is no charge for the SAM registration and recertification process, NCUA added.
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