NCUA official seal NCUA official seal. Credit/NCUA

After extending the Community Development Revolving Loan Fund (CDRLF) grant application timeframe this summer, the NCUA announced Thursday that 142 low-income and minority depository institutions (MDIs) were given millions of dollars to provide valuable financial help to the communities served by these credit unions.

In a statement, the NCUA said it was able to award these credit unions $3.1 million in CDRLF grant money. The credit unions, according to the NCUA, are located in 40 states and the District of Columbia. Forty-two of the credit unions are MDIs and 23 were first-time applicants.

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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