June 30 is the deadline to apply for mentoring grants of up to $25,000 for small, low-income credit unions certified as minority depository institutions (MDIs), their federal regulator said Wednesday in a reminder.
According to the National Credit Union Administration (NCUA), the grants will be made by the agency to help the small credit unions establish mentoring programs with larger, low-income-designated credit unions. The agency said the partnership will provide the smaller credit unions with expertise and guidance in serving low-income, underserved populations.
NCUA said staff from its office of Credit Union Resources and Expansion will be available to answer questions about the program through June 25 through the email address of cureapps@ncua.gov.