Maryland and District of Columbia Credit Union Association Inc.
08/04/2026 | News release | Distributed by Public on 08/04/2026 11:31
NCUA Fund Has $13 million Available for Loans to Low-Income Credit Unions
The NCUA has announced that $13 million is available for loans to low-income-designated (LID) credit unions under the Community Development Revolving Loan Fund (CDRLF). Loans will be awarded for up to $500,000 at an interest rate of 1.5% per year up to five years.
NCUA accepts applications on an ongoing basis through the System for Award Management.
Loans can be used for:
- Development of new products or services for members
- Partnership arrangements with community-based service organizations or government agencies
- Loan programs
- Acquisition, expansion, or improvement of office space or equipment
- Operational programs
A credit union must have the low-income designation to apply and maintain an active registration with the There is no charge for this registration or recertification. SAM.gov users can register or recertify by following the instructions on the website.
Maryland and District of Columbia Credit Union Association Inc. published this content on August 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 04, 2026 at 17:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]