X
GO

NCUA Awards $2M in Grants; 17 Louisiana CUs Recipients

Published: Nov 7, 2018

The NCUA awarded $2 million in grants to 203 low-income credit unions, funding from the agency's Community Development Revolving Loan Fund (CDRLF).  

"These are investments in fundamentals: protecting credit unions and their members, expanding access to affordable financial services, and building human capital," NCUA Board Chairman J. Mark McWatters said. "In particular, helping credit unions detect and defend against cyberattacks is essential to keeping members safe and the financial system secure." 

Grant awards ranging from $1,300 to $20,000 were made to credit unions in 42 states and the District of Columbia. The NCUA made awards in three categories: digital services and security (141 grants totaling $1,251,670), leadership development (40 grants totaling $350,760) and underserved outreach (22 grants totaling $397,570).
 
CDRLF grant funding is administered by NCUA's Office of Credit Union Resources and Expansion. Below is a listing of Louisiana credit unions who received grants this round:
 
Digital Services & Security Grants
  • Access of Louisiana ($10,000)
  • Bayou ($7,500)
  • Carter ($10,000)
  • Coast Guard Employees ($10,000)
  • CSE ($10,000)
  • District 08 ($10,000)
  • Iberville ($7,700)
  • Internal Revenue ($3,500)
  • Sabine School Employees ($3,000)
  • T E A ($4,000)
  • Valex ($10,000)
  • W B R T ($10,000)
Leadership Development Grants
  • CUSA ($10,000)
  • Eagle Louisiana ($1,900)
  • Jefferson Parish Employees ($10,000)
Underserved Outreach Grants
  • Neighbors ($20,000)
  • UNO ($20,000)