Community Development Revolving Loan Fund

• NCUA Says Four Permanent Funds Earn Clean Audit Opinions

  By Marc Rapport  |  February 16, 2012

  Outside auditors give NCUSIF, CLF, operating and Community Development Revolving Loan funds' financial reports a clean bill of health.

• NCUSIF Health Is Stable

  By Claude R. Marx  |  October 30, 2011

  The NCUSIF’s equity ratio remained at 1.31% for the third consecutive month in September, according to a report to the NCUA board by the agency’s chief financial officer Mary Ann Woodson at its Oct. 27 meeting.

• NCUA Approves Revamped Development Fund Rules

  By Claude R. Marx  |  October 27, 2011

  Previous limit of $300,000 can now be exceeded "in certain circumstances."

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  NCUA Asks Congress to Expand Ability of CUs to Serve the Underbanked

  By Claude R. Marx  |  September 22, 2011

  Agency's executive director, David Marquis, testifies to House panel that adding underserved areas would address issue.

• House Panel Passes Spending Bill Cutting Community Development Funds, CFPB

  By Claude R. Marx  |  June 23, 2011

  NCUA's Community Development Revolving Loan Fund feels the axe in panel cuts; measure now goes to full House.

• Credit Union Program, CDFI, CFPB Budgets on Chopping Block

  By Claude R. Marx  |  June 23, 2011

  The House Appropriations Committee today is considering a spending bill that would cut the NCUA’s Community Development Revolving Loan Fund by 75% and 19% from the Treasury Department’s Community Development Financial Institutions Fund.

• NCUA Offers Technical Assistance Grants

  By Claude R. Marx  |  June 14, 2011

  Funds for multiple purposes available to low-income credit unions through CDRLF.

• Corporate Prepayment Plan Unveiled by NCUA Board

  By Claude R. Marx  |  May 23, 2011

  ALEXANDRIA, Va. — Credit unions could prepay between $10,000 and 36 basis points of insured shares toward their assessments to pay the costs of the rescue of corporate credit unions under a proposal announced at the May 19 NCUA board meeting.

• NCUA To Deal With Golden Parachutes, Advertising and Insurance Fund

  By Claude R. Marx  |  May 12, 2011

  Golden parachute ban, advertising rules and insurance fund prepay options all on agenday for next week's NCUA board meeting.

• NCUA Offering $200,000 in Financial Literacy Grants

  April 27, 2011

  Low-income credit unions can apply for grants from the NCUA to fund financial literacy initiatives aimed at students.