ALEXANDRIA, Va. (8/29/13)--A combined $871,597 in grants will be disbursed to help 126 small credit unions improve their service, train their staff, and expand their community outreach efforts, the National Credit Union Administration (NCUA) said on Wednesday.
The grants are provided to these credit unions through the agency's Community Development Revolving Loan Fund (CDRLF). The agency received 231 grant applications in 2012, with credit unions requesting more than $2.7 million, combined, in funding.
NCUA Office of Small Credit Union Initiatives (OSCUI) Director William Myers said the grants reinforce success at the community level. "We're supporting the kind of innovation that has a direct and positive result on people's lives," Myers said. "We're especially proud of their efforts in collaboration and extending digital services," he added.
Credit unions that will receive grants have been contacted by the agency. They can also check their CyberGrants login for their application status, the NCUA said.
For the full NCUA release, use the resource link.