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The National Credit Union Administration has awarded $400,000 in grants to 26 credit unions to support pilot projects in areas such as affordable housing, outreach to "credit-invisible" populations, and outreach to banking deserts, the Los Angeles Times reports.
"We found, through the application process, original and forward-looking ideas that could serve as examples for other credit unions," says NCUA Chairman Todd Harper.
"It will be exciting to watch how these grants will help these ideas to mature and take hold."
The grants, awarded through the CDRLF Community Development Revolving Loan Fund, are part of a larger effort by the NCUA to increase the number of credit unions in the US, the Times notes.
More than $7.4 million was awarded to 26 credit unions.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: Lilly Endowment
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The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
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Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
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Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
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