NCUA second grant round of 2014 - $1.2 million available
05/16/2014 07:55 am
The NCUA announced this week it will make $1.2 million available to low-income credit unions in the second round of Community Development Revolving Loan Fund grants for 2014.
The NCUA will accept applications from June 2 through June 30 at 5 p.m. EST.
Click here to learn more.
Each applicant may apply in any of the four grant categories, but the credit union may only receive funding in one category:
Community Development Financial Institution Certification
New product and service development
Funding for NCUA’s grant initiatives is provided by the Community Development Revolving Loan Fund, a fund created by Congress to support credit unions that serve low-income communities. NCUA’s Office of Small Credit Union Initiatives administers the fund.
Click here to read the complete news release from NCUA.