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.
Matz in Detroit at AACUC, Fryzel in Boston at AACUL.
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.
Agency says grant, to be used to improve talent management, is largest offered yet to LICUs.
NCUA chair touts stewardship of four agency funds.
Agency's small credit union office has $9.5 million in Revolving Loan Fund.
The NCUA’s Office of Small Credit Union Initiatives will accept applications for a $50,000 grant from Feb. 15 to March 15.
This year was a transformative year for credit unions. It was a year in which credit unions made the transition from the losses of recession to the stability and growth of recovery. During the year, the industry topped $1 trillion in assets and grew strongly to approach 94 million members.