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Grants and Loans

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The National Credit Union Administration's Grant and Loan Program (also known as the Community Development Revolving Loan fund), which was established by Congress, makes Grants and Loans to low-income designated credit unions. The Community Development Revolving Loan Fund for Credit Unions (the “CDRLF”) was established by an act of Congress (Public Law 96-123, November 20, 1979) to stimulate economic development in low-income communities. The grants and loans program consists of Congressional appropriations that are administered by the Office of Small Credit Union Initiatives (OSCUI).

A low-income designated credit union is one that is: a) federally-chartered and designated as a "low-income" credit union (LICU) as set forth in Section 701.34 of NCUA's Rules and Regulations; or b) state-chartered with an equivalent low-income designation from its respective state supervisory authority (SSA) and concurrence from NCUA.

 

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Have more questions about our Grants and Loans program?  Email us at OSCUIApps@ncua.gov. For information about our other programs and services Contact Us.

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In the latest issue of FOCUS, we talk about how we've hired Filene Research Institute to analyze OSCUI services. Our goal is to provide the best possible support for small, low-income, new, and MDI credit unions. Tell us how we're doing by participating in the online survey at https://www.surveymonkey.com/s/7LRQG3Z.

To view this month's FOCUS as wll as earlier issues, Click Here.



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