U.S. Capitol building U.S. Capitol building. (Source: Shutterstock)

Late last week, President Joe Biden signed the $1.7 trillion omnibus spending bill, which will fund the government through Sept. 30, 2023. Depending who you ask, what’s included and not included inside the massive spending bill, can be seen as a win or loss for the credit union industry.

The bill included an increase of $3.5 million for NCUA’s Community Development Revolving Loan Fund which funds a revolving loan program and a technical assistance program. This is an increase from the $1.545 million last year.

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Michael Ogden

Editor-in-Chief for CU Times.

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