Federal Register #NCUACDRLF2026L

NCUA Community Development Revolving Loan Fund Loan Program Funding Opportunity

The National Credit Union Administration (NCUA) is offering $13 million in loan funding through the Community Development Revolving Loan Fund (CDRLF) Loan Program to support low-income designated credit unions: - Government Buyer: - National Credit Union Administration (NCUA) - Office of Credit Union Resources and Expansion (CURE) - Funding Details: - $13 million in total revolving loan funds available - Individual loan amounts range from $50,000 to $500,000 - Approximately 515 awards expected annually - Eligible Applicants: - Credit unions with a current low-income designation (federal or state) - Must meet financial viability standards and maintain designation throughout the loan period - Eligible Activities: - Capacity building and operational programs - Product and service development (e.g., new share draft or credit card programs) - Partnerships with community organizations or government agencies - Loan programs (microbusiness, payday loan alternatives, education, real estate loans) - Acquisition or improvement of office space and equipment - Emergency loans for unforeseen events - Application Process: - Applications accepted on a rolling basis via NCUA's award management system - Review process takes approximately 180 days - Applicants must be registered in SAM.gov - No specific OEMs, vendors, or product part numbers are involved, as this is a financial support program rather than a procurement of goods or services.

Description

The National Credit Union Administration (NCUA) is issuing a Notice of Funding Opportunity (NOFO) to provide loan funding to qualifying credit unions through the Community Development Revolving Loan Fund (CDRLF). The fund offers financial support to credit unions to help them support their communities, including capacity building, product development, and emergency loans. Applications are accepted on a rolling basis, with a review process taking approximately 180 calendar days. Loans range from $50,000 to $500,000, and applicants must meet eligibility requirements including a low-income designation and registration with SAM.

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