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The NCUA on Thursday said that two-thirds of the 1,003 credit unions offered the eligibility to become a low-income credit union have accepted.

The offer was made two months ago as part of a drought relief package from the Obama administration. LICU designation brings with it an exemption from the 12.25% member business lending cap, as well as eligibility for Community Develop Revolving Loan Fund grants and loans, and the ability to obtain supplemental capital and accept non-member deposits from any source.

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