NCUA awards $3.47M in CDRLF grants

NCUA has awarded $3.47 million in Community Development Revolving Loan Fund grants to 97 low-income designated credit unions.

Credit unions in 36 states and Puerto Rico received grants ranging from $1,800 to $100,000.  Recipients included 79 small credit unions and 18 first-time applicants.

The awards, announced this week, were made in six categories:

• Impact through Innovation (Pilot Program): three grants totaling $300,000;
• New Charter Capacity Building: five grants totaling $175,000;
• Student Internship: seven grants totaling $175,000;
• Technology, Cybersecurity, and Artificial Intelligence: 35 grants totaling $752,200;
• Training: five grants totaling $103,800;
• Underserved Outreach: 42 grants totaling $1,959,000.

Information about CDRLF grants and a complete list of awardees are available on NCUA’s website.