Federally insured credit unions with both the minority depository institution (MDI) and low-income designations are eligible to apply for NCUA's MDI mentoring grants between Oct. 11 and Oct. 29.

This grant round will provide approximately $100,000 to low-income credit unions with the MDI designation to support mentoring relationships that allow larger, experienced credit unions the opportunity to provide guidance to other MDIs.

Credit unions interested in these mentoring grants can find grant requirements, application instructions, and other important information on the Grants page of NCUA’s website. Credit unions will use the NCUA’s CyberGrants portal to submit their applications. Credit unions with other questions about these grants may contact the NCUA’s Office of Credit Union Resources and Expansion at CUREAPPS@ncua.gov.

To apply for a mentoring grant, a low-income MDI credit union must have an active account with the federal government’s System for Award Management, a Data Universal Number System number (DUNS), and a Commercial and Government Entity number. First-time System for Award Management users can register by following the instructions in the Quick Start Guide for New Grantee Registration.