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| NCUA Awards $3.47M in CDRLF Grants |
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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.
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