94-2137. Community Development Revolving Loan Program for Credit Unions

[Federal Register Volume 59, Number 21 (Tuesday, February 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-2137]


[[Page Unknown]]

[Federal Register: February 1, 1994]


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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.

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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 (the ``Program'') through 
March 31, 1994. Application procedures are set forth in Part 705 of 
NCUA's Rules and Regulations (``Community Development Revolving Loan 
Program for Credit Unions'').

DATES: Applications must be received by March 31, 1994.

ADDRESSES: Applications to participate in the Program should be 
submitted to: NCUA, Community Development Revolving Loan Program for 
Credit Unions, 1775 Duke Street, Alexandria, VA 22314-3428.

FOR FURTHER INFORMATION CONTACT:
Ron Lewandowski at the above address or telephone [phone].

SUPPLEMENTARY INFORMATION: Part 705 of NCUA's Regulations implements 
the Community Development Revolving Loan Program for Credit Unions. The 
purpose of the Program is to make reduced rate loans to both federally 
and state-chartered credit unions serving low-income communities so 
that the credit unions may provide needed financial services and help 
to stimulate the economy in the communities they serve.
    This Notice is published pursuant to 705.9 of NCUA's Regulations 
(12 CFR 705.9) which states that NCUA will provide notice in the 
Federal Register when funds in the program are available for loans, and 
the time period during which applications for participation in the 
Program will be accepted. Funds are currently available for loans. 
Applications for participation in the Program will be accepted through 
March 31, 1994. Credit unions wishing to participate in the Program 
should refer to Part 705 of NCUA's Regulations for application 
procedures and Program requirements. Only credit unions currently in 
existence may apply.

    By the National Credit Union Administration Board on December 
14, 1993.
Becky Baker,
Secretary, NCUA Board.
[FR Doc. 94-2137 Filed 1-31-94; 8:45 am]
BILLING CODE 7535-01-M