The NCUA has awarded $1.4 million in technical assistance grants to more than 100 small credit unions after receiving the highest total funding request in program history, the agency announced Wednesday.
This year, the NCUA received 331 grant applications with more than $5 million in funding requests. Congress provided $1.25 million in appropriated grant funds, and the NCUA combined that with leftover funds from last year.
"We made a concerted effort this year to make it easier to apply for these grants, and we saw a 77% increase in applications," said William Myers, director of the Office of Small Credit Union Initiatives. "That shows the depth of commitment these credit unions have to their members and communities."
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