Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — NCUA’s Community Development Revolving Loan Fund program received more appropriations from the House than it had even requested based upon Chairman JoAnn Johnson’s testimony from an earlier congressional hearing.

According to NCUA Director of Public and Congressional Affairs John McKechnie, the agency had requested $940,000, in line with the administration’s recommendation. However, the CDRLF was pumped up to $1 million by a House Financial Services Appropriation Subcommittee; until the last couple of years, the CDRLF had received at least $1 million.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.