{"id":4112,"date":"2022-05-16T09:08:03","date_gmt":"2022-05-16T14:08:03","guid":{"rendered":"https:\/\/www.ncultheaffiliate.com\/?p=4112"},"modified":"2022-05-16T09:32:56","modified_gmt":"2022-05-16T14:32:56","slug":"community-development-revolving-loan-fund-grant-round-opens-may-2","status":"publish","type":"post","link":"https:\/\/www.ncultheaffiliate.com\/?p=4112","title":{"rendered":"Community Development Revolving Loan Fund Grant Round Opened May 2"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;]<\/p>\n<p><strong>More Than $1.5 Million Available for Underserved Outreach, Cybersecurity<\/strong><\/p>\n<p>Eligible low-income designated credit unions seeking Community Development Revolving Loan Fund (CDRLF) grants in 2022 can apply between May 2 and June 24.<\/p>\n<p>\u201cThe grants the NCUA makes through the Revolving Loan Fund program make a real difference for credit unions, their members, and the communities they serve,\u201d NCUA Chairman Todd M. Harper said. \u201cThese investments go into communities that would otherwise be underserved, giving credit unions resources to build their capacity, including cybersecurity resilience, bolster local economies, and create more secure financial futures for credit union members. I encourage all eligible credit unions to apply.\u201d<\/p>\n<p>The agency will award more than $1.5 million in CDRLF grants to the most qualified applicants, subject to the availability of funds, in four categories:<\/p>\n<ul>\n<li><strong>Underserved Outreach (Maximum award, $50,000)<\/strong>\u00a0\u2014 Assisting credit unions in expanding their reach to underserved communities and improve their members\u2019 financial well-being;<\/li>\n<li><strong>Small Credit Union Mentoring (Maximum award, $25,000)<\/strong>\u00a0\u2014 Matching small credit unions with larger mentor credit unions to build capacity and expand services;<\/li>\n<li><strong>Digital Services and Cybersecurity (Maximum award, $10,000)<\/strong>\u00a0\u2014 Assisting credit unions with modernizing information and security systems to better protect themselves and members from cyberattacks; and<\/li>\n<li><strong>Training (Maximum award, $5,000)<\/strong>\u00a0\u2014 Strengthening credit unions through succession planning, leadership development, and staff education.<\/li>\n<\/ul>\n<p>Grant requirements, application instructions, and other important information are available on\u00a0<a href=\"https:\/\/www.ncua.gov\/files\/publications\/resources-expansion\/cdrlf-grant-round-application-guidelines-2022.pdf\">NCUA.gov(opens new window)<\/a>. Grant applications must be submitted online through\u00a0<a href=\"https:\/\/www.ncua.gov\/exit-disclaimer?url=https%3A%2F%2Fwww.cybergrants.com%2Fpls%2Fcybergrants%2Fao_login.login%3Fx_gm_id%3D4469%26x_proposal_type_id%3D27707\">the NCUA\u2019s CyberGrants portal(opens new window)<\/a>. Credit unions with additional questions about CDRLF grants may contact the NCUA\u2019s Office of Credit Union Resources and Expansion at\u00a0<a href=\"mailto:CUREAPPS@ncua.gov\">CUREAPPS@ncua.gov<\/a>.<\/p>\n<p>To apply, eligible credit unions must have an active account with the System for Award Management and\u00a0<a href=\"https:\/\/www.ncua.gov\/exit-disclaimer?url=https%3A%2F%2Fsam.gov%2Fcontent%2Fduns-uei\">unique entity identifier number(opens new window)<\/a>\u00a0that they will receive when they register for a SAM account. Low-income designated credit unions with an existing registration with SAM must recertify and maintain an active status annually. There is no charge for the SAM registration and recertification process. SAM users can register or recertify their account by following the\u00a0<a href=\"https:\/\/www.ncua.gov\/exit-disclaimer?url=https%3A%2F%2Fsam.gov%2Fcontent%2Fentity-registration\">instructions for registration(opens new window)<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n  ","protected":false},"excerpt":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;] More Than $1.5 Million Available for Underserved Outreach, Cybersecurity Eligible low-income designated credit unions seeking Community Development Revolving Loan Fund (CDRLF) grants in 2022 can apply between May 2 and June 24. \u201cThe grants the NCUA makes through the Revolving Loan Fund [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/4112"}],"collection":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4112"}],"version-history":[{"count":0,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/4112\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}