The interest generated from the Loan Program, is available to make grants to low income designated credit unions.
Grants are available for improving operations as well as addressing safety and soundness issues.
Funds are granted to provide training and in some cases, salary assistance, to keep the credit union open. Credit unions may request and obtain low-income designations. These credit unions are eligible for a number of benefits such as the Revolving Loan program. We have compiled a Low-income Credit Union List . The Program is designed to create a pool of experienced people who can work in various areas of credit unions and eventually help to alleviate the shortage of skilled managers in small credit unions.