President Donald Trump sighed a bill Friday funding the federal government through Sept. 30, the end of fiscal year 2019. The bill fully funds several credit union loan and grant funds, and report language addresses several ongoing CUNA advocacy priorities.
It funds the Treasury’s Community Development Financial Institutions (CDFI) Fund at $250 million. The CDFI Fund CDFI Fund makes capital grants, equity investments and awards for technical assistance to certified CDFIs, 285 of which are credit unions.
It also funds NCUA’s Community Development Revolving Loan Fund at $2 million, the same as previous years. The fund functions as revolving loan program and a technical assistance program for credit unions.
CUNA-requested language in the legislation includes calling on:
A detailed look at provisions in the bill that are of interest to credit unions can be found at CUNA’s Removing Barriers Blog.