Federal Register / Vol. 80, No. 2 / Monday, January 5, 2015 / Notices 263 

(b) Failure to Sign Agreement: NCUA, 

in its sole discretion, may rescind a loan 

offer if the Applicant fails to return the 

signed loan documents and/or any other 

requested documentation, within the 

time specified by NCUA. 

(c) Multiple Disbursements: NCUA 

may determine, in its sole discretion, to 

fund a loan in multiple disbursements. 

In such cases, the process for 

disbursement will be specified by 

NCUA in the Loan Agreement. 

3. Reporting: Annually, each 

Participating Credit Union will submit 

an annual report to NCUA. The report 

will address the Participating Credit 

Union’s use of the loan funds; the 

impact of funding; and explanation of 

any failure to meet objectives for use of 

proceeds, outcome, or impact. NCUA, in 

its sole discretion, may modify these 

requirements. However, such reporting 

requirements will be modified only after 

notice to affected credit unions. 

Report Form: Applicable credit 

unions will be notified regarding the 

submission of the report form. A 

Participating Credit Union is 

responsible for timely and complete 

submission of the report. NCUA will use 

such information to monitor each 

Participating Credit Union’s compliance 

with the requirements of its loan 

agreement and to assess the impact of 

the OSCUI Loan Program. 

G. Agency Contacts 

1. Methods of Contact: Further 

information can be found at: 

www.ncua.gov/OSCUI/grantsandloans. 

For questions email: National Credit 

Union Administration, Office of Small 

Credit Union Initiatives at 

OSCUIAPPS@ncua.gov. 

2. Information Technology Support: 

People who have visual or mobility 

impairments that prevent them from 

using NCUA’s Web site should call 

(703) 518–6610 for guidance (this is not 

a toll free number). 

Authority: 12 U.S.C. 1756, 1757(5)(D), and 

(7)(I), 1766, 1782, 1784, 1785 and 1786; 12 

CFR 705. 

By the National Credit Union 

Administration Board on December 29, 2014. 

Jon Canerday, 

Acting Secretary of the Board. 

[FR Doc. 2014–30867 Filed 1–2–15; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Office of Small Credit Unions (OSCUI) 

Grant Program Access for Credit 

Unions 

AGENCY: National Credit Union 

Administration (NCUA). 

ACTION: Notice of Funding Opportunity. 

SUMMARY: The National Credit Union 

Administration (NCUA) is issuing a 

Notice of Funding Opportunity (NOFO) 

to invite eligible credit unions to submit 

applications for participation in the 

OSCUI Grant Program (a.k.a. 

Community Development Revolving 

Loan Fund (CDRLF)), subject to funding 

availability. The OSCUI Grant Program 

serves as a source of financial support, 

in the form of technical assistance 

grants, for credit unions serving 

predominantly low-income members. It 

also serves as a source of funding to 

help low-income designated credit 

unions (LICUs) respond to emergencies 

arising in their communities. 

Table of Contents 

A. Program Description 

B. Federal Award Information 

C. Eligibility Information 

D. Application and Submission Information 

E. Application Review Information 

F. Federal Award Administration 

G. Federal Awarding Agency 

A. Program Description 

The purpose of the OSCUI Grant 

Program is to assist low-income 

designated credit unions (LICU) in 

providing basic financial services to 

their low-income members to stimulate 

economic activities in their 

communities. Through the OSCUI Grant 

Program, NCUA provides financial 

support in the form of technical 

assistance grants to LICUs. These funds 

help improve and expand the 

availability of financial services to these 

members. The OSCUI Grant Program 

also serves as a source of funding to 

help LICUs respond to emergencies. The 

Grant Program consists of Congressional 

appropriations that are administered by 

OSCUI, an office of the NCUA. 

From February 2, 2015 to March 3, 

2015 OSCUI will accept applications 

from credit unions under the first 2015 

grant round. The first grant round will 

include initiatives for Student Interns 

and Training for Staff and Volunteers. 

OSCUI intends to offer additional 

grant round funding throughout the year 

under this NOFO. Information about the 

OSCUI Grant Program, including more 

details regarding the first 2015 grant 

round, other funding initiatives, amount 

of funds available, funding priorities, 

permissible uses of funds, funding 

limits, deadlines and other pertinent 

details, are periodically published in 

NCUA Letters to Credit Unions, in the 

OSCUI e-newsletter and on the NCUA 

Web site at http://www.ncua.gov/

Resources/OSCUI/Pages/Grants.aspx. 

Permissible Uses of Funds: NCUA 

will consider requests for funds 

consistent with the purpose of the 

OSCUI Grant Program. 12 CFR 705.1. 

Per § 705.10 of the regulation 

permissible uses for the grant fund 

include: (i) Development of new 

products or services for members 

including new or expanded share draft 

or credit card programs; (ii) Partnership 

arrangements with community based 

service organizations or government 

agencies; (iii) Enhancement and support 

of credit union internal capacity to serve 

its members and better enable it to 

provide financial services to the 

community in which the credit union is 

located. 

NCUA will consider other proposed 

uses of funds that in its sole discretion 

it determines are consistent with the 

purpose of the OSCUI Grant Program, 

the requirements of the regulations, and 

this NOFO. 

Regulation: Part 705 of NCUA’s 

regulations implements the OSCUI 

Grant and Loan Program. 12 CFR 705. A 

revised Part 705 was published on 

November 2, 2011. 76 FR 67583. 

Additional requirements are found at 12 

CFR parts 701 and 741. Applicants 

should review these regulations in 

addition to this NOFO. Each capitalized 

term in this NOFO is more fully defined 

in the regulations and grant guidelines. 

For the purposes of this NOFO, an 

Applicant is a Qualifying Credit Union 

that submits a complete Application to 

NCUA under the OSCUI Grant Program. 

B. Federal Award Information 

OSCUI grants are made to LICUs that 

meet the requirements in the program 

regulation and this NOFO, subject to 

funds availability. 

Funds Availability: Congress 

appropriated $2 million to the OSCUI 

Grant Program for Fiscal Years 2015– 

2016. NCUA expects to award the entire 

amount appropriated under this NOFO. 

NCUA reserves the right to: (i) Award 

more or less than the amount 

appropriated; (ii) fund, in whole or in 

part, any, all, or none of the applications 

submitted in response to this NOFO; 

and (iii) reallocate funds from the 

amount that is anticipated to be 

available under this NOFO to other 

programs, particularly if NCUA 

determines that the number of awards 

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264 Federal Register / Vol. 80, No. 2 / Monday, January 5, 2015 / Notices 

made under this NOFO is fewer than 

projected. 

C. Eligibility Information 

The regulations specify the 

requirements a credit union must meet 

in order to be eligible to apply for 

assistance under this NOFO. See 12 CFR 

705. 

1. Eligible Applicants: A credit union 

must have a Low-Income Credit Union 

(LICU) designation, or equivalent in the 

case of a Qualifying State-chartered 

Credit Union, in order to participate in 

the OSCUI Grant and Loan Program. 

Requirements for obtaining the 

designation are found at 12 CFR 701.34. 

D. Application and Submission 

Information 

1. Application Form: The application 

and related documents can be found on 

NCUA’s Web site at www.ncua.gov/

OSCUI/GrantsandLoans. 

2. Minimum Application Content: 

Each Applicant must complete and 

submit information regarding the 

applicant and requested funding. In 

addition, applicants will be required to 

certify applications prior to submission. 

(a) DUNS Number: Based on an Office 

of Management and Budget (OMB) 

policy directive effective October 31, 

2003, credit unions must have a Data 

Universal Numbering System (DUNS) 

number issued by Dun and Bradstreet 

(D&B) in order to be eligible to receive 

funding from the OSCUI Grant Program. 

NCUA will not consider an Application 

that does not include a valid DUNS 

number. Such an Application will be 

deemed incomplete and will be 

declined. Information on how to obtain 

a DUNS number may be found on D&B’s 

Web site at http://fedgov.dnb.com/

webform or by calling D&B, toll-free, at 

1–866–705–5711. 

(b) Employer Identification Number: 

Each Application must include a valid 

and current Employer Identification 

Number (EIN) issued by the U.S. 

Internal Revenue Service (IRS). NCUA 

will not consider an application that 

does not include a valid and current 

EIN. Such an Application will be 

deemed incomplete and will be 

declined. Information on how to obtain 

a EIN may be found on the IRS’s Web 

site at www.irs.gov. 

(c) Submission of Application: Under 

this NOFO, Applications must be 

submitted online at http://

www.cybergrants.com/ncua. An 

Applicant requesting a grant must 

complete an online grant application 

form which includes required 

responses. The required responses will 

address the proposed use of funds and 

how the credit union will assess the 

impact of the funding. 

3. Submission Dates and Times: There 

will be various application open periods 

from January 1, 2015 thru December 31, 

2015 for different grant initiatives 

offered thoughout the year. For each 

initiative funds may be exhausted prior 

to the deadlines, at which time the 

programs/funds will no longer be 

available. 

4. Intergovernmental Review: Not 

Applicable. 

5. Other Submission Requirments: 

Under this NOFO, Applications must be 

submitted online at http://

www.cybergrants.com/ncua. 

a. Disclosure Agreement 

b. Mandatory Clauses 

E. Application Review Information 

1. Review and Selection Process: 

(a) Eligibility and Completeness 

Review: NCUA will review each 

Application to determine whether it is 

complete and that the Applicant meets 

the eligibility requirements described in 

the Regulations, this NOFO, and the 

grant guidelines. An incomplete 

Application or one that does not meet 

the eligibility requirements will be 

declined without further consideration. 

(b) Substantive Review: After an 

Applicant is determined eligible and its 

Application is determined complete, 

NCUA will conduct a substantive 

review in accordance with the criteria 

and procedures described in the 

Regulations, this NOFO, and the grant 

guidelines. NCUA reserves the right to 

contact the Applicant during its review 

for the purpose of clarifying or 

confirming information contained in the 

Application. If so contacted, the 

Applicant must respond within the time 

specified by NCUA or NCUA, in its sole 

discretion, may decline the application 

without further consideration. 

(c) Evaluation and Scoring: The 

evaluation criteria for each initiative 

will be more fully described in the grant 

guidelines. 

(d) Input from Examiners: NCUA will 

not approve an award to a credit union 

for which its NCUA regional examining 

office or State Supervisory Agency 

(SSA), if applicable, indicates it has 

safety and soundness concerns. If the 

NCUA regional office or SSA identifies 

a safety and soundness concern, OSCUI, 

in conjunction with the regional office 

or SSA, will assess whether the 

condition of the Applicant is adequate 

to undertake the activities for which 

funding is requested, and the 

obligations of the loan and its 

conditions. NCUA, in its sole discretion, 

may defer decision on funding an 

Application until the credit union’s 

safety and soundness conditions 

improve. 

(e) Award Selection: In general, 

NCUA will make its award selections 

based on a consistent scoring system 

where each applicant will receive an 

individual score. NCUA will consider 

the impact of the funding. When grant 

demand is high applications may be 

ranked based on the aforementioned in 

addition to factors listed in the grant 

guidelines. 

2. Anticipated Announcement and 

Federal Award Dates: See part D.3. 

F. Federal Award Administration 

Information 

1. Notice of Award: NCUA will notify 

each Applicant of its funding decision. 

Notification will generally be by email. 

Applicants that are approved for 

funding will also receive instructions on 

how to proceed with the reimbursement 

request for disbursement of funds. 

2. Administration and National Policy 

Requirements: The specific terms and 

conditions governing a grant will be 

established in the grant guidelines for 

each initiative. 

3. Reporting: Each awarded credit 

union must submit a reimbursement 

request in order to receive the awarded 

funds. The reimbursement requirements 

are specific to each initiative. In general, 

the reimbursement request will require 

an explanation of the impact of funding 

and any success or failure to meet 

objectives for use of proceeds, outcome, 

or impact. NCUA, in its sole discretion, 

may modify these requirements. 

G. Agency Contacts 

1. Methods of Contact: Further 

information can be found at: http://

www.ncua.gov/Resources/OSCUI/Pages/

GLMain.aspx. For questions email: 

National Credit Union Administration, 

Office of Small Credit Union Initiatives 

at OSCUIAPPS@ncua.gov. 

2. Information Technology Support: 

People who have visual or mobility 

impairments that prevent them from 

using NCUA’s Web site should call 

(703) 518–6610 for guidance (this is not 

a toll free number). 

Authority: 12 U.S.C. 1756, 1757(5)(D), and 

(7)(I), 1766, 1782, 1784, 1785 and 1786; 12 

CFR 705. 

By the National Credit Union 

Administration Board on December 29, 2014. 

Jon Canerday, 

Acting Secretary of the Board. 

[FR Doc. 2014–30866 Filed 1–2–15; 8:45 am] 

BILLING CODE 7535–01–P 

mstockstill on DSK4VPTVN1PROD with NOTICES