Agency earmarks funds to support staff and volunteer training and internship assistance.
NCUA session to focus on products, services targeted to underserved.
Agency says more than 2,000 credit unions now carry low income designation.
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.
Community Development Revolving Loan Fund grants announced by NCUA.
More than 800 credit unions have signed up as low-income credit unions in the year since the NCUA launched its ongoing LICU initiative.
NCUA says $80,000 awarded for internships at 22 low-income credit unions in 16 states.
Agency earmarks $80,000 for program, enough for 20 awards of $4,000 each.
You're a newly designated low-income credit union, congratulations! You now have access to tools that can be leveraged for growth and aren't available to all credit unions.
The NCUA will provide state regulators with a list of low-income eligible credit unions through a cooperative effort between the NCUA and NASCUS.