[Federal Register Volume 60, Number 3 (Thursday, January 5, 1995)]
[Notices]
[Page 1804]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-169]



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NATIONAL CREDIT UNION ADMINISTRATION


Community Development Revolving Loan Program for Credit Unions

AGENCY: National Credit Union administration.

ACTION: Notice of application period.

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SUMMARY: The National Credit Union Administration (NCUA) will accept 
applications for participation in the Community Development Revolving 
Loan Program for Credit Unions throughout calendar year 1995, subject 
to availability of funds. Application procedures for qualified low-
income credit unions are set forth in Part 705, NCUA Rules and 
Regulations.

DATES: Applications may be submitted throughout calendar year 1995.

ADDRESSES: Applications for participation may be obtained from and 
should be admitted to: NCUA, Office of Community Development Credit 
Unions, 1775 Duke Street, Alexandria, VA 22314-3428.

FOR FURTHER INFORMATION CONTACT:
The Office of Community Development Credit Unions at the above address 
or telephone (703) 518-6610.

SUPPLEMENTARY INFORMATION: Part 705, NCUA Rules and Regulations, 
implements the Community Development Revolving Loan Program for Credit 
Unions. The purpose of the Program is to assist officially designated 
``low-income'' credit unions in providing basic financial services to 
residents in their communities which result in increased income, 
ownership and employment. The Program makes available low interest 
loans and deposits in amounts up to $300,000 in qualified participating 
``low-income'' credit unions. Program participation is limited to 
existing credit unions with an official ``low-income'' designation.
    This notice is published pursuant to Part 705.9, NCUA Rules and 
Regulations, which states that NCUA will provide notice in the Federal 
Register when funds in the Program are available.

    Dated: December 14, 1994.
Becky Baker,
Secretary, NCUA Board.
[FR Doc. 95-169 Filed 1-4-95; 8:45 am]
BILLING CODE 7535-01-M