$13M in CDRLF grants now available for LID credit unions

July 9, 2026

NCUA has $13 million available for loans to low-income-designated (LID) credit unions under the Community Development Revolving Loan Fund (CDRLF). It will award loans amounting up to $500,000 at an interest rate of 1.5% per year for up to five years.

Credit unions can submit applications on an ongoing basis through the agency’s grant and loan management system. Loans are available for:

  • Development of new products or services for members;
  • Partnership arrangements with community-based service organizations or government agencies;
  • Loan programs;
  • Acquisition, expansion, or improvement of office space or equipment; and 
  • Operational programs. 

Loan application guidelines are on NCUA’s website. Credit unions must have the low-income designation to apply and maintain an active registration with the federal government’s System for Award Management.