The NCUA announced Aug. 28 that 126 low-income credit unions are sharing $871,597 from the agency's 2013 Community Development Revolving Loan Fund's grant round.
"Low-income credit unions play an essential role in their communities and supporting their work is a priority for NCUA," said NCUA Board Chairman Debbie Matz. "The credit unions that receive these grants will be extending outreach, growing membership and improving income."
William Myers, director of the Office of Small Credit Union Initiatives, which administers the funds, said the grants reinforce success at the community level.
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