NCUA announces grants for minority depository institutions

Federal Issues Covid-19 NCUA Credit Union

On April 27, the National Credit Union Administration announced that it is making a total of $125,000 in mentoring grants available to small, low-income credit unions designated as minority depository institutions. Grants will be available in amounts of up to $25,000 and are intended to help recipients establish mentoring programs with larger, low-income designated credit unions that can provide guidance on how to assist low-income and underserved populations.