The NCUA is offering grants of up to $25,000 for a new pilot mentoring program for small low-income credit unions that are also designated as minority depository institutions.

The new program will make three to five targeted technical assistance grants to help these small institutions establish mentoring programs with larger low-income, minority depository institution credit unions that can provide expertise and guidance in serving low-income and underserved populations.

The NCUA will accept grant applications from Aug. 18 through Sept. 28. Interested credit unions can find applications through the agency’s CyberGrants portal (opens new window). Staff from the NCUA’s Office of Credit Union Resources and Expansion will be available to answer questions about the pilot program through Sept. 25. Credit unions should submit questions to staff by email to CUREAPPS@ncua.gov.