Providing a Positive ROI for Your Dues Investment NCUA Awards Grants to Low-income CUs
in Political & Legislative
By: Chris Abeel, NJCUL Vice President, Corporate & Governmental Affairs

When it comes to the League’s budget, David often refers jokingly to governmental affairs as a “big black hole.” Quantifying an ROI on governmental advocacy is always a challenge, for any business or organization, so when we do see a measurable return I’m sure you’ll forgive us for tooting our horn.

And toot our horn I’m going to do. On Wednesday, the National Credit Union Administration (NCUA) awarded $2 million in grants from the agency’s Community Development Revolving Loan Fund (CDRLF). CUNA and the state leagues have always actively supported full funding for the CDRLF, and together we successfully fought to restore funding when the Trump administration zeroed it out for fiscal year 2018.

Grants ranging from $1,300 to $20,000 were made to credit unions in 42 states and the District of Columbia. 44 credit unions are first-time grant recipients. 28 are minority depository institutions.

Five New Jersey credit unions received a total of $54,500 in grants ranging from $4,500 to $20,000. Now that’s not chicken feed. 

Whether it’s CDRLF funding, preserving free on-base facilities for military credit unions or electronic lien and titling, we’re always looking for bottom-line opportunities to turn that “black hole” into a positive ROI for your dues investment.