2020-04-07 Town Hall Calls on COVID-19 Crisis Pt. 4

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


Total Files2
Size61.07 MB
Create DateApril 9, 2020
Last UpdatedApril 9, 2020

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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