Affiliates Among Credit Unions Awarded NCUA Grants

The National Credit Union Administration has awarded $1.9 million in grants to help 155 low-income credit unions increase outreach to underserved communities, improve digital services and security, and train employees.

The NCUA awarded grants ranging from $1,900 to $100,000 to credit unions in 40 states and the District of Columbia. Thirty-one credit unions are first-time grant recipients. Fifty-eight are minority depository institutions.

The following area credit unions received NCUA grants:

Counselor certification
Democracy FCU - $5,000
SkyPoint FCU - $5,000

Digital Services and Security
Georgetown University Alumni and Students FCU - $6,000
Howard University Employees FCU - $3,473
Market USA FCU - $8,000
Romney FCU - $8,000

Training
HUDFCU -$5,000

The NCUA’s Office of Credit Union Resources and Expansion administers grant funding provided by the Community Development Revolving Loan Fund, which offers grants and loans to credit unions serving low-income communities. Since 2001, Congress has provided the NCUA with $22.8 million for these grants.