Just more than 2,000 credit unions may be eligible for funding.
The $311 million Freedom First won the $100,000 Next Seed Capital Award from the Opportunity Finance Network.
CDCUs stand to benefit from membership opportunity.
Low income credit unions have until April 2 to apply for a federal program that would allow them to borrow money through the Troubled Assets Relief Program.
NCUA Board members are scheduled to receive a public briefing about a rules change that would let low income credit unions borrow money through the Troubled Assets Relief Program at next Thursday's NCUA Board Meeting.
The NCUA Board has approved changes to the agency's regulations to allow eligible credit unions to use capital they might access from the Troubled Asset Relief Program.