Newsroom
August 24, 2014
NCUA awards more than $1M LICU grants
Aug. 4, 2014 – NCUA awarded more than $1 million in grants for 174 low-income credit unions in its second round of Community Development Revolving Loan Fund grants for 2014.
NCUA Board Chairman Debbie Matz said, "Low-income credit unions are working very hard to serve their members and communities, and NCUA supports those efforts in many ways, including by awarding these grants. These grants help the credit unions improve people's lives and offer needed affordable financial services."
The largest group of grants – 105 of them – were awarded to support credit unions in offering a new product or service, which NCUA said might include expanding into mobile banking or card services. Other grants will support staff and volunteer training, collaboration projects and certification to become a community development financial institution. The Treasury Department supports CDFIs with resources to serve low-income members and communities.
NCUA said a total of 331 grant requests – for $2,569,740 – have been approved this year. This latest round totaled $1,051,850 in grant funding.
NCUA Board Chairman Debbie Matz said, "Low-income credit unions are working very hard to serve their members and communities, and NCUA supports those efforts in many ways, including by awarding these grants. These grants help the credit unions improve people's lives and offer needed affordable financial services."
The largest group of grants – 105 of them – were awarded to support credit unions in offering a new product or service, which NCUA said might include expanding into mobile banking or card services. Other grants will support staff and volunteer training, collaboration projects and certification to become a community development financial institution. The Treasury Department supports CDFIs with resources to serve low-income members and communities.
NCUA said a total of 331 grant requests – for $2,569,740 – have been approved this year. This latest round totaled $1,051,850 in grant funding.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.