Low-income credit unions received more than $1 million from thesecond round of the NCUA's Community Development Low IncomeGrant's this year, the agency announced Friday.

“Low-income credit unions are working very hard to serve theirmembers and communities, and NCUA supports those efforts in manyways, including by awarding these grants,” NCUA Board ChairmanDebbie Matzsaid. “These grants help the credit unions improve people's livesand offer needed affordable financial services.”

NCUA announced 174 credit unions shared the 204 grants that madeup this award round. Of the 204, 105 supported the provision of anew product or service ($693,000); 76 supported staff or volunteertraining ($228,000); 21 financed credit union efforts to earnrecognition from the U.S. Treasury Department as communitydevelopment financial institutions and two grants supportedcollaboration between credit unions to achieve a variety ofstreamlining and/or cost cutting efficiencies.