Community Development Revolving Loan Fund Program for Credit Unions
Inactive
- Assistance listing
- 44.002
- Grant awards
- 190 $1,390,043 in federal obligations
Program facts
- Assistance type
-
- Project Grant
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The National Credit Union Administration administers the Community Development Revolving Loan Fund Program for Credit Unions (CFDA 44.002), which funds technical assistance grants for low-income designated credit unions, with the most recent posted opportunity closing on July 12, 2024.
The program's recent activity presents a critical decision point. The portfolio contains 190 Project Grant awards, all obligated in 2016—the only year with recorded activity in the data provided. No grant awards have been disbursed since August 2016, making this a dormant program by the standards of current federal funding. The National Credit Union Administration is the sole funder, obligating $1.4 million in combined federal dollars across the full award set.
Recent awards funded cybersecurity initiatives, staff training, student intern positions, and organizational capacity and growth projects at credit unions. Representative awards include capacity and growth projects funded at $15,000 each (Project Grants 350004789, 350004830, 350004734, 350004780, 350004807, 350004809, 350004813, 350004756, 350004759, and 350004803), cybersecurity projects typically at $7,000 (Projects 350004633, 350004604, 350004610, 350004653, 350004673, 350004620, 350004654, 350004665, 350004684, 350004693, 350004697, 350004625, 350004618, and 350004617), and staff training grants at smaller amounts ranging from $500 to $3,000.
A Notice of Funding Opportunity (NCUA-CDRLF-2024G) was posted April 2, 2024, announcing technical assistance grants for low-income designated credit unions through the 2024 CDRLF Grant Round, with applications opening May 1, 2024 and a final due date of July 12, 2024. Applications were not to be submitted through grants.gov. Given the nearly eight-year gap between the last awards and the 2024 opportunity posting, current funding intent and award cadence remain unclear from the available data.
Objective and description
- Objective
The purpose of the Community Development Revolving Loan Fund (CDRLF) is to expand access of financial products and services, and increase diversity, equity, and economic inclusion to underserved communities. Through the CDRLF, the NCUA provides finan
Grant opportunities
| Opportunity | Status | Posted | Applications due |
|---|---|---|---|
| 2024 CDRLF Grant Round | Closed |
Grant awards
| Award | Recipient | Federal obligations | Awarded |
|---|---|---|---|
| Urgent need application | First African Baptist Church Of Darby Township | -$7,500 | |
| Cyber security | Arc Federal Credit Union | $6,076 | |
| Capacity and growth | Center City Credit Union | $15,000 | |
| Cyber security | Southern Chautauqua Federal Credit Union | $7,000 | |
| Capacity and growth | New Pilgrim Federal Credit Union | $6,625 | |
| Capacity and growth | Financial Educators Federal Credit Union | $9,777 | |
| Capacity and growth | Employees Federal Credit Union | $10,000 | |
| Capacity and growth | Coconino Federal Credit Union | $10,000 | |
| Capacity and growth | West Michigan Postal Service Federal Credit U | $8,443 | |
| Capacity and growth | Heartland Credit Union | $2,450 |
Latest 10 of 190 listed here. See the rest on GovTribe.
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Fivepoint Credit Union | $15,000 | 1% |
| 2 | Revity Credit Union | $15,000 | 1% |
| 3 | Mountain Star Federal Credit Union | $15,000 | 1% |
| 4 | North Star Credit Union | $15,000 | 1% |
| 5 | Health Alliance FCU | $15,000 | 1% |
| 6 | Finger Lakes Federal Credit Union | $15,000 | 1% |
| 7 | Jemez Valley Credit Union | $15,000 | 1% |
| 8 | First Priority Credit Union | $15,000 | 1% |
| 9 | Polish National Credit Union | $15,000 | 1% |
| 10 | Oregon Community Credit Union | $15,000 | 1% |
10 of 190 recipients listed here. See the rest on GovTribe.
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2017 | -$184,396 |
| FY2016 | $1,574,439 |
Quick answers
What is Assistance Listing 44.002?
Assistance Listing 44.002 is Community Development Revolving Loan Fund Program for Credit Unions, a federal grant program run by National Credit Union Administration. It is inactive.
What is the CFDA number for Community Development Revolving Loan Fund Program for Credit Unions?
Its CFDA number is 44.002: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 44.002 awarded?
190 grant awards under 44.002 have obligated $1,390,043 in federal funds to 190 recipients.
Who receives the most funding from 44.002?
The recipients obligated the most under Community Development Revolving Loan Fund Program for Credit Unions are Fivepoint Credit Union ($15,000), Revity Credit Union ($15,000) and Mountain Star Federal Credit Union ($15,000).
Are there open grant opportunities under 44.002?
No opportunity listed under 44.002 is open now. The latest, 2024 CDRLF Grant Round, was posted on April 2, 2024.
On GovTribe
See this program's full record
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