The National Credit Union Administration has announced that USD 13 million is available under the Community Development Revolving Loan Fund for loans to low-income-designated credit unions. Individual loans can be awarded for up to USD 500,000 at an annual interest rate of 1.5% for terms of up to five years. The funding can be used to support new products or services for members, partnerships with community-based service organizations or government agencies, loan programs, office space or equipment acquisition or improvements, and operational programs. To qualify, a credit union must hold the low-income designation and maintain an active registration with the System for Award Management. Applications are being accepted on an ongoing basis through the NCUA grant and loan management system, with further requirements set out in the agency's loan application guidelines.
National Credit Union Administration2026-07-08
National Credit Union Administration makes USD 13 million in community development loans available to low-income credit unions
The National Credit Union Administration has made USD 13 million available in Community Development Revolving Loan Fund financing for low-income-designated credit unions. Loans are available for up to USD 500,000 at 1.5% annual interest for terms of up to five years. Eligible credit unions must have the low-income designation and an active System for Award Management registration.