ALEXANDRIA, Va. (6/19/13)--Tips and guidance to help credit unions navigate the National Credit Union Administration's CyberGrants system are provided in this month's edition of the NCUA Office of Small Credit Union Initiatives FOCUS e-Newsletter.
The CyberGrants system is an online portal that allows credit unions to apply for multiple grant initiatives with a single application, and makes the agency's application review process more efficient.
The FOCUS article provides tips on:
The NCUA began accepting 2013 funding round grant applications from low-income credit unions on Monday.
Eligible credit unions may apply for as much as $24,000 in funding. A total of $1.18 million in grant funds are available. Applications will be accepted until July 12, and grantees will be announced at the end of August.
The grant money may be used to support credit union financial literacy, product development, collaboration, staff and board member training, office relocation and computer modernization efforts, according to the agency.
For more of FOCUS, use the resource link.