The small-dollar loan program related to credit unions of the Treasury’s Community Development Financial Institution (CDFI) Fund is the subject of a webinar planned for May 27 by the CDFI and the federal credit union regulator.
In a release, the National Credit Union Administration (NCUA) said the funds in the program total approximately $13.5 million for 2021. The one-hour program later this month that NCUA and the CDFI Fund are sponsoring will describe the program and discuss eligibility of permissible uses of funds through the program, NCUA said.
“Credit unions that are not certified as CDFIs may still be eligible for the program through partnerships with CDFIs or any federally insured depository institution whose primary mission is serving targeted investment areas,” the agency said in the release.
Registration for the webinar, which gets underway at 2 p.m. ET, is now open.