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Community Development Revolving Loan Fund Program for Credit Unions is sponsored by NATIONAL CREDIT UNION ADMINISTRATION. The purpose of the Community Development Revolving Loan Fund (CDRLF) is to expand access of financial products and services, and increase diversity, equity, and economic inclusion to underserved communities. Through the CDRLF, the NCUA provides financial support in the form of loans and technical assistance grants to low-income designated
credit unions (LICUs) serving predominantly low-income members to modernize, build capacity, extend outreach into underserved communities, and respond to emergencies. This listing is currently active. Program number: 44.002. Last updated on 2024-04-25.
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Or search similar grants →According to the current listing, eligibility includes: This NOFO is open to credit unions that meet the eligibility requirements defined in 12 C.F.R. part705. A credit union must be, or has agreed to be, examined by NCUA and meets the definition of low-income designation in order to participate in the CDRLF. Non-Federally Insured Applicants: Each Applicant that is a non-federally insured, state-chartered credit union must submit additional application materials. These additional materials are more fully described in 12 C.F.R. § 705.7(b)(3) and in the application. Non-federally insured, state-chartered credit unions must agree to be examined by the NCUA. The specific terms and covenants pertaining to this condition will be provided in the award agreement of the Participating Credit Union. Eligible applicant types include: Public nonprofit institution/organization (includes institutions of higher education and hospitals). Confirm the full requirements in the official notice before applying.
Yes — Community Development Revolving Loan Fund Program for Credit Unions is offered by NATIONAL CREDIT UNION ADMINISTRATION and this listing comes from SAM.gov, an official U.S. federal source. Federal applications generally require registrations (for example SAM.gov or an agency submission portal), so allow extra lead time.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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