The National Credit Union Administration has invited low-income-designated credit unions affected by hurricanes, flooding and other severe weather events to apply for grants of up to USD 15,000 through the Community Development Revolving Loan Fund’s Newly Chartered and Urgent Need program. The funding follows the agency’s earlier expansion of grant eligibility and increase in the maximum award from USD 7,500 to USD 15,000. Credit unions may use the grants to repair disaster damage, replace equipment needed to restore services after an unexpected event or provide financial services to affected members, including special recovery loan programs. Applications have no deadline, but affected credit unions should apply as soon as possible after an emergency to support timely disbursement.
National Credit Union Administration offers disaster recovery grants of up to USD 15,000 to eligible credit unions
The National Credit Union Administration is offering low-income-designated credit unions up to USD 15,000 for urgent recovery from natural disasters and severe weather. Grants can fund repairs, replacement equipment and financial services for affected members, with credit unions encouraged to apply promptly after an emergency.