Opportunity Information: Apply for NCUA6051
Apply for NCUA6051
- The National Credit Union Administration in the community development sector is offering a public funding opportunity titled "Urgent Needs Grants" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 44.002 Community Development Revolving Loan Fund Program for Credit Unions.
- This funding opportunity was created on May 3, 2010 and posted on May 3, 2010.
- Applicants must submit their applications by Dec 31, 2010. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $3,000.00 in funding.
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- CREDIT UNIONS ONLY. Credit unions with a low income designation may apply. This grant is NOT available to individuals, businesses, or not for profits. Only credit unions that have received a low income designation from the NCUA or from the state supervisory authority, with NCUA concurrence, are eligible.
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Opportunity Summary:
The Urgent Needs Grants opportunity (Funding Opportunity Number NCUA6051) is a discretionary grant program administered by the National Credit Union Administration (NCUA) under the Community Development Revolving Loan Fund Program for Credit Unions (CFDA 44.002). Its purpose is narrowly focused: to help a credit union keep operating when an immediate, pressing financial or operational problem creates sudden, unplanned costs that could interrupt services to members if not addressed quickly. In other words, the program is designed for urgent situations that threaten continuity of service, not for routine improvements, long-term projects, or general expansion.
This grant is only open to credit unions, and eligibility is limited further to credit unions that hold a low-income designation. To qualify, a credit union must have received that designation from the NCUA, or from a state supervisory authority with NCUA concurrence. The funding is explicitly not available to individuals, businesses, nonprofit organizations, or entities other than eligible low-income designated credit unions. There is no cost-sharing or matching requirement, which means applicants are not required to contribute matching funds as a condition of receiving an award.
In terms of award size, the opportunity lists an award ceiling of $3,000 and an award floor of $0, indicating relatively small, targeted grants intended to cover urgent, unexpected expenses rather than large-scale initiatives. The posting date and creation date are both May 3, 2010, with an original and current closing date of December 31, 2010, reflecting the timeframe for that specific announcement.
For additional program details, the announcement references the NCUA resource page at http://www.ncua.gov/Resources/CreditUnionDevelopment/Finance.aspx. Applicants or interested parties who have trouble accessing the full announcement electronically are directed to contact Adrienne Grierson, Grant Administrator, at (703) 518-6612, with the related application site noted as oscuiapps.ncua.gov.
Urgent Needs Grants (NCUA6051) - Frequently Asked Questions
What is the Urgent Needs Grants opportunity (Funding Opportunity Number NCUA6051)?
The Urgent Needs Grants opportunity (Funding Opportunity Number NCUA6051) is a discretionary grant program administered by the National Credit Union Administration (NCUA) under the Community Development Revolving Loan Fund Program for Credit Unions (CFDA 44.002).
What is the purpose of the Urgent Needs Grants program?
The purpose is narrowly focused: to help a credit union keep operating when an immediate, pressing financial or operational problem creates sudden, unplanned costs that could interrupt services to members if not addressed quickly.
What types of situations is this grant designed to support?
This program is intended for urgent situations that threaten continuity of service for members due to sudden, unplanned costs tied to an immediate financial or operational problem.
Is this grant meant for routine improvements or long-term projects?
No. The opportunity is designed for urgent needs that could interrupt member services if not addressed quickly, not for routine improvements, long-term projects, or general expansion.
Who can apply for this grant?
This grant is only open to credit unions.
Are there additional eligibility requirements beyond being a credit union?
Yes. Eligibility is limited to credit unions that hold a low-income designation.
How does a credit union qualify as low-income for this opportunity?
To qualify, a credit union must have received a low-income designation either from the NCUA, or from a state supervisory authority with NCUA concurrence.
Can individuals apply for Urgent Needs Grants funding?
No. Funding is not available to individuals.
Can businesses, nonprofit organizations, or other entities apply?
No. The funding is explicitly not available to businesses, nonprofit organizations, or entities other than eligible low-income designated credit unions.
Is there a cost-sharing or matching requirement?
No. There is no cost-sharing or matching requirement. Applicants are not required to contribute matching funds as a condition of receiving an award.
What is the maximum award amount (award ceiling)?
The award ceiling listed for this opportunity is $3,000.
What is the minimum award amount (award floor)?
The award floor is listed as $0.
What does the award ceiling and floor suggest about the size and intent of the grant?
The $3,000 ceiling and $0 floor indicate relatively small, targeted grants intended to cover urgent, unexpected expenses rather than large-scale initiatives.
When was this funding opportunity posted?
The posting date is May 3, 2010.
What is the creation date for the announcement?
The creation date is May 3, 2010.
What is the application closing date for this announcement?
The original closing date and current closing date are both listed as December 31, 2010.
Where can applicants find additional program details online?
The announcement references the NCUA resource page at: http://www.ncua.gov/Resources/CreditUnionDevelopment/Finance.aspx
What should someone do if they cannot access the full announcement electronically?
If someone has trouble accessing the full announcement electronically, they are directed to contact Adrienne Grierson, Grant Administrator, at (703) 518-6612.
Is an application site mentioned for this opportunity?
Yes. The related application site noted is oscuiapps.ncua.gov.
What federal program is this grant associated with?
This grant is administered under the Community Development Revolving Loan Fund Program for Credit Unions (CFDA 44.002).
Which agency administers this grant?
The National Credit Union Administration (NCUA) administers this discretionary grant program.
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