We hope that you and your employees and members are doing as well as possible in these uncertain times. We want you to know that Data Systems of Texas— Sharetec is here for you and fully operating with our remote teams and capabilities in place. We wanted to pass along the below information that may be useful at this time.
Federally insured, low-income designated credit unions that experience unexpected costs as a result of COVID-19 can request urgent needs grants from the National Credit Union Administration.
“The NCUA recognizes that the COVID-19 outbreak will affect all federally insured credit unions and their members to varying degrees,” NCUA Chairman Rodney E. Hood said. “If you are a low-income credit union that needs assistance during this difficult time, I encourage you to apply for these grants to ensure you can continue to meet the financial needs of your members and communities.” View the entire press release.
Eligible credit unions also may apply for loans supported by the Community Development Revolving Loan Fund.
Eligible credit unions may apply for grants or loans through the NCUA’s CyberGrants portal.