WASHINGTON -- NCUA's Community Development Revolving Loan Fundprogram got a boost from Capitol Hill recently.
The CDRLF actually obtained greater funding from the House thanit had even requested based upon Chairman JoAnn Johnson's testimonyfrom an earlier congressional hearing. The bill awaits Senateaction.
According to NCUA Director of Public and Congressional AffairsJohn McKechnie, the agency had requested $940,000, in line with theadministration's recommendation. However, the CDRLF was pumped upto $1 million by a House Financial Services AppropriationSubcommittee; until the last couple of years, the CDRLF hadreceived at least $1 million.
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