NCUA awarded $1.5 million in Community Development Revolving Loan Fund (CDRLF) grants to help 105 low-income credit unions expand outreach to underserved communities and improve digital services and security.
NCUA awarded grants ranging from $1,500 to $50,000 to credit unions in 35 states and the District of Columbia. Sixteen credit unions were first-time grant recipients. Thirty-three grantees were minority depository institutions.
Awards were in two categories:
During the 2021 grant round, the agency received 280 grant applications totaling more than $4.6 million.