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NCUA second grant round of 2014 - $1.2 million available

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
  • Collaboration
  • Training

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.