The Office of Credit Union Development is responsible for the administration of several programs designed to establish, strengthen, and improve the operation of small and low-income designated credit unions.

Community Development Revolving Loan Program(PDF)
The Community Development Revolving Loan Fund Program (in PDF) (CDRLP) was established to support low-income designated credit unions serving low-income communities. Low-interest loans/deposits are made available to assist these credit unions in delivering financial services to their members and improve their long - term growth and stability.

Application Period Open Throughout Calendar Year 2004

Technical Assistance
Technical Assistance (TA) takes the form of a grant from the Community Development Revolving Loan Fund Program. The interest generated from the Loan Program is available to make grants to low income designated credit unions.
Grants are available for improving operations as well as addressing safety and soundness issues.

• Technical Assistance Guidelines (PDF)
• Technical Assistance Application (PDF)
• Vita Technical Assistance Application/Guidelines (PDF)
• VITA form in Microsoft Excel Format

TAG Grant Initiatives (TAG)
NCUA has $1 million dollars available to assist low-income designated credit unions educate members, strengthen infrastructure, develop and implement new services and augment partnerships with other organizations and agencies. The following list provides links to the guidelines for these program initiatives:

• Home Owner Program (PDF)
• Officials & Staff Training Assistance Program (PDF)
• International Remittance Network Program Guidelines (PDF)
• Individual Development Account Initiative (PDF)
• Educational Program Guidelines (PDF)
• Enhanced Technology Assistance Initiative (PDF)
• Underserved Areas Initiative (PDF)
• Mentoring Initiative (PDF)

Chartering New LICUs
OCUD collaborates  with regional NCUA staff, trade groups, communities, and other associational groups to establish newly chartered low-income designated credit unions.

Low-income Designation
Credit Unions designated as low-income (LICU) may accept non-member deposits, participate in the Community Development Revolving Loan Program, accept secondary capital funds and receive technical assistance.

Credit unions may request and obtain low-income designations. These credit unions are eligible for a number of benefits such as the Revolving Loan program. To obtain a list of low-income credit unions please use this link and check the "Yes" box for low-income designation.

Student Internships(PDF)
OCUD administers a College Student Internship Program matching junior and senior students with low-income designated credit unions. The Program is designed to create a pool of experienced people who can work in various areas of credit unions and eventually help to alleviate the shortage of skilled managers in small credit unions.  The program also fosters  mentoring between larger and smaller credit unions which serves to strengthen the credit union industry overall.