CDRLF Loan Program Offers Additional Opportunities

Alexandria, VA (July 8, 2026) ― The National Credit Union Administration (NCUA) today announced that $13 million is available for loans to low-income-designated (LID) credit unions under the Community Development Revolving Loan Fund (CDRLF). Loans will be awarded for up to $500,000 at an interest rate of 1.5% per year up to five years.

Currently Accepting Applications

NCUA accepts applications on an ongoing basis through the NCUA grant and loan management system. Loans can be used for:

• Development of new products or services for members
• Partnership arrangements with community-based service organizations or government agencies
• Loan programs
• Acquisition, expansion, or improvement of office space or equipment
• Operational programs

Credit Unions Should Check Eligibility

A credit union must have the low-income designation to apply and maintain an active registration with the System for Award Management. There is no charge for this registration or recertification. SAM.gov users can register or recertify by following the instructions on the website.

Loan Application Guidelines posted on the NCUA's Loans webpage. Interested credit unions also may contact the NCUA's Office of Credit Union Resources and Expansion with any questions by emailing to [email protected].