ALEXANDRIA, Va. -- Piggybacking on the hearing on serving the underserved (see page 1 to 34), NCUA issued a letter to credit unions (07-CU-04) explaining the ins and outs of applying for loans and technical assistance grants through the Community Development Revolving Loan Fund.
The agency, it said, did received $940,500 for 2007 in technical assistance grants. To receive funds from the CDRLF, credit unions must be designated low-income according to NCUA's rules or the equivalent for state-chartered credit unions and concurrence from NCUA.
This year's NCUA TAG initiatives include:
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