NCUA Awards $3.1 Million in 2023 CDRLF Round

NCUA Awards $3.1 Million in 2023 CDRLF Round

The NCUA announced Thursday that it has awarded $3.1 million in Community Development Revolving Loan Fund grants to 142 low-income credit unions and MDIs, reports David Baumann of CUCollaborate.

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Applications for CDFI Fund Suspended Between Oct. 1 and April 3

Applications for CDFI Fund Suspended Between Oct. 1 and April 3

The Community Development Financial Institutions (CDFI) Fund recently announced that as it prepares for upcoming changes to its application process it will be suspending new applications and Target Market Modifications between October 1, 2022 and April 3, 2023, reports Esteban Camargo.

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House Financial Services Dems Push for $8.5 Million Boost for Credit Union Community Development Fund

House Financial Services Dems Push for $8.5 Million Boost for Credit Union Community Development Fund

David Baumann of the Washington CU Daily reports that the Democrats on the House Financial Services Committee out-voted the Republicans to pass the Views and Estimates Report, which contained requests to congressional budget writers for an $8.5 million increase for the National Credit Union Administration’s Community Development Revolving Loan Fund in FY22. It also contained strong support for the Consumer Financial Protection Bureau.

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