The Community Development Revolving Loan Fund grant and loan program provides funds to low-income credit unions so that they may extend services to their members and improve credit union operations.
What are Grants?
- Grants are reimbursable monetary awards provided to support low-income credit unions. There are several funding initiatives under the grant program each year.
What are Loans?
- The revolving loan fund assists a low-income designated credit union’s efforts in improving members’ financial health and well-being through the availability of loan funds. A credit union may apply for a loan at any time. However, awards are subject to funds availability.
What are the Financial Reports for the Revolving Loan Fund?
- These reports provide preliminary highlights about the financial performance and awards of the Community Development Revolving Loan Fund. They are preliminary and unaudited.
What is CyberGrants?
- CyberGrants (opens new window) is the automated grant management system utilized by NCUA. Here credit unions can apply electronically for grants and/or loans.