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Federal Register / Vol. 86, No. 172 / Thursday, September 9, 2021 / Notices
Estimated Total Annual Burden Hours: 580.
Total Estimated Annual Other Cost Burden: $41,384.
Authority: 44 U.S.C. 3506c2A.

addition, the NCUA may periodically publish information regarding the CDRLF in Letters to Credit Unions, press releases, and/or on the NCUA
website.

Anjanette Suggs, Agency Clearance Officer.

1. Funding Initiatives The Minority Depository Institution MDI Mentoring initiative will be available during the fall 2021.

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NATIONAL CREDIT UNION
ADMINISTRATION
Community Development Revolving Loan Fund Access for Credit Unions;
Funding Opportunity Funding Opportunity Title:
Community Development Revolving Loan Fund CDRLF Grants.
Catalog of Federal Domestic Assistance CFDA Number: 44.002
The National Credit Union Administration NCUA is issuing this Notice of Funding Opportunity NOFO
to announce the availability of technical assistance grants awards for lowincome designated credit unions LICUs through the CDRLF. The CDRLF
serves as a source of financial support in the form of loans and technical assistance grants that better enable LICUs to support the communities in which they operate. All grant awards made under this NOFO are subject to funds availability and are at the NCUAs discretion.
Table of Contents A. Program Description B. Award Information C. Eligibility Information D. Application and Submission Information E. Application Review Information F. Federal Award Administration G. Federal Awarding Agency H. Grant Terms and Conditions
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A. Program Description The purpose of the CDRLF is to expand access of financial products and services, and increase diversity, equity, and economic inclusion to underserved communities. Through the CDRLF, the NCUA provides financial support in the form of technical assistance grants to LICUs serving predominantly lowincome members to modernize, build capacity and extend outreach into underserved communities.
The NCUA will consider requests for various funding initiatives. More detailed information about the purpose of each initiative, amount of funds available, funding priorities, permissible uses of funds, funding limits, deadlines and other pertinent details will be defined in the grant round guidelines. In
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2. Authority and Regulations i. Authority: 12 U.S.C. 1772c1, 1756, 17575D, and 7I, 1766, 1782, 1784, 1785 and 1786;
ii. Regulations: The regulation governing the CDRLF is found at 12 CFR
part 705. In general, this regulation is used by the NCUA to govern the CDRLF
and set forth the program requirements.
Additional regulations related to the low-income designation are found at 12
CFR parts 701.34 and 741.204. For the purposes of this NOFO, an Applicant is a Participating Credit Union that submits a complete application to the NCUA under the CDRLF. The NCUA
encourages Applicants to review the regulations, this NOFO, the grant round guidelines, and other program materials for a complete understanding of the program.
B. Award Information Approximately $100,000 in awards will be available through this NOFO.
The NCUA reserves the right to: i Award more or less than the amounts cited above; ii fund, in whole or in part, any, all, or none of the applications submitted in response to this NOFO;
and iii reallocate funds from the amount that is anticipated to be available under this NOFO to other programs, particularly if the NCUA
determines that the number of awards made under this NOFO is fewer than projected. General information about the purpose of each funding initiative and the maximum award amount is provided below.
1. Purpose of Funding Initiatives i. MDI Mentoring: The purpose of the MDI Mentoring initiative is to encourage strong and experienced credit unions to provide guidance to small MDI credit unions to increase their ability to thrive and serve low-income and underserved populations. This grant may be used for eligible expenses associated with facilitating a new mentorship relationship. Funding approval will be based on the Applicants ability to demonstrate a well-developed plan for the mentoring assistance it would receive from a mentor credit union.
Applicants are expected to meet the objectives of this initiative by
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establishing a mentorship to accomplish the following objectives:
a. Credit union growth and expansion, such as growing the membership or the loan portfolio;
b. Improved management and operations, such as leadership training, developing new policy and procedure documents, or responding to exam or audit findings;
c. Increased credit union capabilities, such as introducing a new program or service or improving credit union systems; and/or d. Other Applicants will have opportunity to justify additional projects.
2. Maximum Award Amount The maximum amount for a CDRLF
award is determined by the type of funding initiative. There is no minimum amount for CDRLF awards. The maximum award amount for this initiative is $25,000.
C. Eligibility Information 1. Eligible Applicants This NOFO is open to credit unions that meet the eligibility requirements defined in 12 CFR part 705. A credit union must have a low-income designation obtained in accordance with 12 CFR 701.34 or 741.204 in order to participate in the CDRLF.
i. Non-Federally Insured Applicants:
Each Applicant that is a non-federally insured, state-chartered credit union must submit additional application materials. These additional materials are more fully described in 12 CFR
705.7b3 and in the application.
a. Non-federally insured, statechartered credit unions must agree to be examined by the NCUA. The specific terms and covenants pertaining to this condition will be provided in the award agreement of the Participating Credit Union.
2. Data Universal Numbering System DUNS Number The Data Universal Numbering System DUNS number is a unique nine-character number used to identify your organization. The federal government uses the DUNS number to track how federal money is allocated.
Registering for a DUNS number is FREE.
Applicants can obtain a DUNS number by visiting the Dun & Bradstreet D&B
website or calling 18667055711. The NCUA will not consider an application that does not include a valid DUNS
number issued by Dun and Bradstreet D&B. Such an application will be deemed incomplete and will be declined.

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