The NCUA awarded more than $3.5 million in Community Development Revolving Loan Fund (CDRLF) grants to 135 low-income-designated credit unions.
Grants ranged from $1,100 to $100,000 and went to credit unions in 37 states. Thirty-nine grantees were minority depository institutions, which received a total of nearly $1.4 million. Eighteen grantee credit unions were first-time applicants.
The NCUA made awards in six categories:
- Underserved Outreach: 26 grants totaling $1,255,087
- MDI Capacity Building: 26 grants totaling $1,154,500
- Digital Services and Cybersecurity: 66 grants totaling $629,200
- Impact Through Innovation: 4 grants totaling $400,000
- Training: 11 grants totaling $52,500
- Consumer Financial Protection: 2 grants totaling $20,000
