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Code · CFR · Title 12 — Banks and Banking · Part 705 — Community Development Revolving Loan Fund Access for Credit Unions · § 705.3

§ 705.3. Eligibility requirements.

69 words·~1 min read·/us/cfr/t12/s§ 705.3·

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To be eligible to receive a CDRLF award, in the form of either a loan or a technical assistance grant, a Qualifying Credit Union must, within the timeframes specified in any Notice of Funding Opportunity:
(a)Complete and submit an Application; and
(b)Meet the underwriting standards established by NCUA, including those pertaining to financial viability, as set forth in the Application and any related materials developed by NCUA.
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