Small, low-income credit unions certified as minority depository institutions have until June 30 to apply for MDI mentoring grants from NCUA.
The NCUA will make grants of up to $25,000 to help small institutions establish mentoring programs with larger, low-income-designated credit unions that can provide expertise and guidance in serving low-income and underserved populations.
Interested credit unions should review the agency’s mentoring grants guidelines, and they must have an account with the General Services Administration’s System for Awards Management. Eligible credit unions can apply through the NCUA’s Cyber Grants online portal.
Staff from the NCUA’s Office of Credit Union Resources and Expansion will be available to answer questions about the program through June 25. Credit unions should submit questions to staff by email to firstname.lastname@example.org.