Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
NCUA announces CDRLF application period
ALEXANDRIA, Va. (1/228/08)--The National Credit Union Administration (NCUA) has announced it will accept applications for participation in the Community Development Revolving Loan Fund's (CDRLF’s) loan program beginning in September, subject to the availability of funds. The CDRLF provides assistance to credit unions with an official “low-income” designation to provide basic financial services to residents in their communities. The assistance is in the form of low-interest loans and is intended to stimulate income levels, home ownership, and employment. Applications can be submitted from Sept. 1 to Nov. 30, according to a Federal Register document submitted by the NCUA. The Fund's total appropriation is $13.4 million. As of Dec. 31, 2007, the Fund's loan portfolio totaled to $13.3, according to the document. Application procedures for the 2008 Fund Loan Program will be posted to the NCUA Web site. Or applications for participation may be obtained from and should be submitted to: NCUA, Office of Small Credit Union Initiatives, 1775 Duke Street, Alexandria, VA 22314-3428.
Other Resources

RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
16 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
21 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
21 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
23 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
23 hours ago