NCUA Offers Low-Income CUGrants

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ALEXANDRIA, Va. - (03/10/05) -- NCUA announced Wednesaday it has$800,000 available to provide technical assistance and otherfinancial aid to qualified low-income credit unions. The funds willbe provided through five different grant programs through NCUA'sCommunity Development Revolving Loan Fund, those to fund: foremergency needs; building infrastructure; the volunteer taxassistance (VITA) program; enhancing and expanding member services;and student internships. Eligible credit unions, those designatedas low-income, can apply for the grants through NCUA' Office ofSmall CU Initiatives. NCUA awarded more than $1.2 million in grantslast year.

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