Assistance Listing 44.002
Community Development Revolving Loan Fund Program for Credit Unions
National Credit Union Administration
Assistance Listing 44.002, “Community Development Revolving Loan Fund Program for Credit Unions,” is a federal program administered by National Credit Union Administration. It provides direct loans, direct loans, project grants and project grants (special) assistance. GrantsJunction currently tracks 0 open, 0 forecasted and 1 closed opportunities under this listing. The agency reported $2.07M in obligations for fiscal year 2022.
Program objective
The purpose of the Community Development Revolving Loan Fund (CDRLF) is to expand access of financial products and services, and increase diversity, equity, and economic inclusion to underserved communities. Through the CDRLF, the NCUA provides financial support in the form of loans and technical assistance grants to low-income designated credit unions (LICUs) serving predominantly low-income members to modernize, build capacity, extend outreach into underserved communities, and respond to emergencies.
As published in the SAM.gov Assistance Listing.
Current opportunities under 44.002
No open or forecasted opportunities are currently posted under this listing. Programs often post notices on an annual cycle — see recently closed opportunities below for timing.
Eligible applicants (program level)
- Public nonprofit institution/organization (includes institutions of higher education and hospitals)
This NOFO is open to credit unions that meet the eligibility requirements defined in 12 C.F.R. part705. A credit union must be, or has agreed to be, examined by NCUA and meets the definition of low-income designation in order to participate in the CDRLF. Non-Federally Insured Applicants: Each Applicant that is a non-federally insured, state-chartered credit union must submit additional application materials. These additional materials are more fully described in 12 C.F.R. § 705.7(b)(3) and in the application. Non-federally insured, state-chartered credit unions must agree to be examined by the NCUA. The specific terms and covenants pertaining to this condition will be provided in the award agreement of the Participating Credit Union.
Intended beneficiaries: Anyone/general public, Homeowner, Low Income, Public nonprofit institution/organization, Student/Trainee, Graduate Student, Specialized group (e.g. health professionals, students, veterans), Small Business Person, Private nonprofit institution/organization, Small business and 3 more.
Program-level eligibility from SAM.gov. Each funding notice sets its own requirements.
Reported obligations by fiscal year
Historical data · not a predictionRange and average of financial assistance (from the listing): Smallest FY23 grant award - $1,000 Largest FY23 grant award - $50,000 Average FY23 grant award - $22,000
Source: SAM.gov Assistance Listing 44.002. Hatched bars are agency estimates. These totals do not indicate approval rates.Recently closed under 44.002
| Opportunity | Status | Award range | Closes | ALN |
|---|---|---|---|---|
Urgent Needs GrantsNational Credit Union Administration | Closed | Up to $3K | Dec 31, 2010 | 44.002 |
Frequently asked questions
What is ALN 44.002?
44.002 is the Assistance Listing Number for “Community Development Revolving Loan Fund Program for Credit Unions.” Assistance Listing Numbers (formerly CFDA numbers) identify federal assistance programs; individual grant opportunities reference the listing they are funded under.
Who can apply under ALN 44.002?
The SAM.gov listing names these applicant types: Public nonprofit institution/organization (includes institutions of higher education and hospitals). Each funding notice under the program sets its own eligibility, so check the specific opportunity.
How much funding does 44.002 provide?
The agency reported $2,067,163 in obligations for FY2022 in the SAM.gov Assistance Listing. These are program-wide totals reported by the agency, not a prediction of future awards.