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community development project Source: Shutterstock.

Low-income-designated credit unions can apply for the next round of Community Development Revolving Loan Fund grants from May 3 to June 26, the NCUA announced late last week.

The fund has up to $1.5 million available for the grants this year for low-income-designated credit unions, the same as in 2020 and down from $2 million in 2019. The designation applied to 2,655 of the nation’s 5,207 credit unions as of December 2020.

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Jim DuPlessis

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