Association Members Among Those Awarded Grants by NCUA

$1.5 million in Community Development Revolving Loan Fund grants were awarded by the NCUA, with four area credit unions among those receiving funding.

The grants will help 105 low-income credit unions expand outreach to underserved communities and improve digital services and security.

“At the NCUA, we are working to address priorities like closing the wealth gap and strengthening cybersecurity resilience,” NCUA Chairman Todd M. Harper said. “With these CDRLF grants, small, low-income, and minority credit unions will have more capacity to serve low-income communities and bolster cybersecurity defenses. That is a good thing for credit unions and their members.”

The following credit unions affiliated with the MD|DC Credit Union Association received NCUA grants:

DC
GPO FCU- Implementation of Mobile and online banking - $4,865
DOLFCU– New or expanded financial products/services - $50,000

Maryland
Mt. Lebanon FCU – Implementation of Mobile/Online Banking Features and Remote Workforce Management Solutions - $7,000
Securityplus FCU – New or Expanded Financial Education Programs - $50,000

View the entire list of grant recipients here.