Reminder: 2022 CDRLF grant round closes June 24

Posted by Laurie Okawa-Moore
on "June 22, 2022 9:27 am"

Low-income credit unions that want to apply for Community Development Revolving Loan Fund grants in 2022 have until June 24 to submit their applications.

ncua seal blue printGrant requirements, application instructions, and other important information are available on the Grants page of NCUA.gov. Grant applications must be submitted online through the NCUA’s CyberGrants portal.

To apply, eligible credit unions must have an active account with the System for Award Management and unique entity identifier number that they will receive when they register for a SAM account. Low-income-designated credit unions with an existing registration with SAM must recertify and maintain an active status annually. There is no charge for the SAM registration and recertification process. SAM users can register or recertify their account by following the instructions for registration.

The NCUA is planning to award more than $1.5 million in CDRLF grants to the most qualified applicants, subject to the availability of funds, in the following four categories:

  • Underserved Outreach (Maximum award, $50,000) — Helping credit unions expand their reach to underserved communities and improve their members’ financial well-being;
  • Small Credit Union Mentoring (Maximum award, $25,000) — Matching small credit unions with larger mentor credit unions to help them build capacity and expand services;
  • Digital Services and Cybersecurity (Maximum award, $10,000) — Assisting credit unions with modernizing information and security systems to better protect themselves and members from cyberattacks; and
  • Training (Maximum award, $5,000) — Strengthening credit unions through succession planning, leadership development, and staff education.

Credit unions with additional questions about CDRLF grants may contact the NCUA’s Office of Credit Union Resources and Expansion at CUREAPPS@ncua.gov.