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Cliff Rosenthal’s thoughtful letter (CU Times, July 5) regarding the Community Development Revolving Loan Fund suggested NCUA could do more for low-income credit unions by allowing funds to be used for secondary capital investments. While we share Mr. Rosenthal’s enthusiasm for full and active use of the Fund, NCUA is restricted in its use of appropriated funds to technical assistance grants and loans. It is our view that secondary capital investments do not fit into either category, and as a result NCUA is not authorized to use appropriated funds in this manner.

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