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Home Reminder: 2023 CDRLF Grant Round Closes June 30

Reminder: 2023 CDRLF Grant Round Closes June 30

Authored By: Lewis Wood on 6/26/2023

Low-income and MDI credit unions have four more days to submit applications for Community Development Revolving Loan Fund grants.

All the necessary information a credit union needs to apply is available on the Grants page of the agency’s website, NCUA.gov. The agency will offer technical grants in five categories—Underserved Outreach, MDI Capacity Building, Consumer Financial Protection, Digital Services and Cybersecurity, and Training—and in two pilot programs: Impact Through Innovation and Small Credit Union Partnerships.

Grant applications must be submitted online through the NCUA’s CyberGrants portal. Credit unions with either a low-income or minority depository institution designation are eligible to apply. Credit unions with questions on the 2023 grant round may contact the NCUA’s Office of Credit Union Resources and Expansion at CUREAPPS@ncua.gov.

To apply for a CDRLF grant, a credit union must have a current account with the System for Award Management, or SAM, and a unique entity identifier number they will receive when they create a SAM account. Credit unions that have an existing SAM account must recertify and maintain an active account annually. SAM users may register or recertify their accounts by following the system’s registration instructions. There is no charge for registering or recertifying a SAM account.

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