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CUNA pushes House, Senate appropriators for full CDRLF funds

Mon, Jun 19, 2017

CUNA wrote to House and Senate appropriators Friday in strong support of funding NCUA’s Community Development Revolving Loan Fund (CDRLF) at $2 million for fiscal year 2018. The administration’s budget submission to Congress eliminates CDRLF funding.

“We urge Congress to fully fund the CDRLF because this program makes a difference for many low-income designated credit unions and helps them provide important services to their members,” wrote CUNA President/CEO Jim Nussle. “The CDRLF usually receives requests that greatly exceed available funds and CUNA is concerned that an elimination of this fund will result in fewer low-income credit unions having access to needed capital to provide critical services to low-income credit union members.”