ALEXANDRIA, Va. (5/19/15)--Up to $2 million in grants will be available to low-income credit unions in the second round of the National Credit Union Administration Community Development Revolving Loan Fund, the agency announced Monday.
Applications will be accepted from June 1 through 5 p.m. (ET) June 30.
NCUA Chair Debbie Matz said the grants are meant to help low-income credit unions offer expanded products and services, open branches and provide greater security for their members.
The grants fall under four initiatives:
Congress approved $2 million this year for NCUA’s Community Development Revolving Loan Fund, the single largest technical assistance appropriation in the history of the fund.
More information, including the online application, is available on the NCUA’s website.