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(From the NCUA) – Low-income-designated credit unions seeking Community Development Revolving Loan Fund (CDRLF) grants, including MDI mentoring grants, have until June 26 to submit their applications.
The agency will administer approximately $1.5 million in CDRLF grants to the most-qualified applicants, subject to the availability of funds, in three categories:
- Underserved Outreach (maximum award of $50,000)
- Minority Depository Institution Mentoring (maximum award of $25,000)
- Digital Services and Cybersecurity (maximum award of $7,000)
Grant requirements, application instructions, and other important information are available on the grants program page of NCUA.gov. Credit unions will use the NCUA’s cybergrants portal to submit their applications. Credit unions with other questions about CDRLF grants may contact the NCUA’s Office of Credit Union Resources and Expansion at CUREAPPS@ncua.gov.
In addition to being a low-income-designated institution, a credit union must have an active account with the federal government’s System for Award Management, a Data Universal Number System number, and a Commercial and Government Entity number to be eligible for the program. First-time System for Award Management users can register by following the instructions in the Quick Start Guide for New Registrations. Credit unions with an existing SAM registration must re-certify and maintain an active status annually. They can re-certify or renew their SAM account status by following the instructions in the Quick Start Guide for Renewing Registrations. Credit unions may obtain a Data Universal Number System number by visiting the Dun & Bradstreet website or calling 1.866.705.5711 to register or search for a DUNS number.