Part 4 of Inclusiv's COVID-19 Town Hall Calls on COVID-19 Crisis webinar featured Rodney Hood, NCUA Chairman giving an overview of how credit unions, especially those serving low-income communities, can navigate the COVID-19 crisis and what the NCUA is doing to provide support.
Highlights include:
- The NCUA has published several letters addressing COVID-19 initial actions and available resources
- The NCUA announced $4 million in loans and $800,000 in grants available for federally insured low-income designated credit unions through the Community Development Revolving Loan Fund
- NCUA's Office for Credit Union Resources and Expansion (CURE) will award grants and loans to low-income credit unions
- Eligible credit unions may apply for the COVID-19 response grants or loans through May 22 using the NCUA's CyberGrants Portal
- The NCUA does not plan to introduce any new rules that will further burden credit unions
- There is a simple application for non-SBA lenders to participate in the PPP program
- Hood answered specific questions from Inclusiv members
For more information from the NCUA, visit www.ncua.gov/coronavirus
For direct questions contact: covid19questions@ncua.gov
| Version | |
| Download | |
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| Total Files | 2 |
| Size | 61.07 MB |
| Create Date | April 9, 2020 |
| Last Updated | April 9, 2020 |
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| Inclusiv COVID-19 Town Hall Part 4 - 4-7-20.pdf |
| 2020-04-07 1316 Inclusiv Network Town Hall Series_ COVID -19 Crisis.mp4 |
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