The NCUA said Thursday it has awarded $517,890 in grants to 127low-income credit unions.

The money from the first round in 2014 of the CommunityDevelopment Revolving Loan Fund awards will be used for a varietyof projects, this time with a heavy focus on providing mobilebanking, the agency said.

“It's important that credit unions offer up-to-date technologyto remain competitive in a rapidly changing industry,” NCUA BoardChairman Debbie Matz said in the announcement.

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