Sunday, September 15, 2019

155 LICUs Receive $1.9 Million in Grants from NCUA

The National Credit Union Administration (NCUA) reported that it awarded $1.9 million in grants to 155 low-income credit unions.

Grants ranged from $1,900 to $100,000.

The NCUA made awards in four categories:
  • Underserved outreach: 11 grants totaling $972,742;
  • Digital services and security: 73 grants totaling $550,612;
  • Training: 46 grants totaling $217,369; and
  • Counselor certification: 35 grants totaling $161,925.
Several large credit unions were grant recipients, including $1.8 billion Dupaco Community Credit Union (Dubuque, IA), $1.2 billion Greylock FCU (Pittsfield, MA), $397 million Pelican State CU (Baton Rouge, LA), and $469 million Global Credit Union (Spokane, WA).

Funding for the grants is provided by the Community Development Revolving Loan Fund, which receives appropriations from Congress.

Here is the list of grant recipients and the amount awarded.

Read the press release.
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