ALEXANDRIA, Va.– NCUA is cohosting a webinar today that will offer additional information on the Department of the Treasury’s Community Development Financial Institutions Fund’s Small-Dollar Loan Program.
The webinar is scheduled for 2 p.m. Eastern.
Online registration for the 60-minute webinar, co-hosted by NCUA and the CDFI Fund is open now. Participants will be able to log into the webinar and view it on their computers or mobile devices using the registration link. They should allow pop-ups from this website.
According to the agency, staff from NCUA and the CDFI Fund will describe the program and discuss eligibility and permissible uses of these funds. A question-and-answer session will follow the presentation. Credit unions should review the CDFI Fund’s Small-Dollar Loan Program webpage, including information about the application process and timeline.
Up to $13.5 Million Available
The CDFI Fund anticipates up to $13.5 million will be available for this program in 2021. Credit unions that are not certified as CDFIs may still be eligible for the program through partnerships with CDFIs or any federally insured depository institution whose primary mission is serving targeted investment areas.
Participants can submit questions anytime during the presentation or in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “CDFI Small Dollar Loan Program.”