NCUA, CDFI Fund to cohost webinar on Small-Dollar Loan Program
Credit unions are invited to learn more about the Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund’s Small-Dollar Loan Program during a webinar scheduled for Thursday, May 27, beginning at 2 p.m. (ET).
Online registration for this 60-minute webinar, co-hosted NCUA and the CDFI Fund, is open now. Participants will be able to log into the webinar and view it on their computers or mobile devices using the registration link. They should allow pop-ups from this website.
Staff from the NCUA and the CDFI Fund will describe the program and discuss eligibility and permissible uses of these funds. A question-and-answer session will follow the presentation. Credit unions should review the CDFI Fund’s Small-Dollar Loan Program webpage, including information about the application process and timeline.
The CDFI Fund anticipates up to $13.5 million will be available for this program in 2021. Credit unions that are not certified as CDFIs may still be eligible for the program through partnerships with CDFIs or any federally insured depository institution whose primary mission is serving targeted investment areas.