Low-income credit unions can apply for grants to fund financial literacy initiatives aimed at students, the NCUA announced today.
The agency has $200,000 to lend and each grant can be for as much as $5,000. The grants are funded through the Community Development Revolving Loan Fund.
"Through the grants, we seek to encourage credit unions to collaborate with schools, community organizations, and other financial institutions to broaden the delivery of financial literacy and financial education training,'' NCUA Chairman Debbie Matz wrote in a letter.
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