Credit unions interested in utilizing NCUA’s streamlined process for obtaining CDFI certification have until May 31 to apply.

To qualify, low-income-designated credit unions must submit data on their loan originations to the NCUA by email using the NCUA’s secured email encryption system and complete an online participation form.

The Office of Credit Union Resources and Expansion will then analyze each credit union’s products, services and other indicators to determine whether it qualifies to use the streamlined certification application. NCUA will then provide qualified credit unions with the necessary information to complete and submit the streamlined certification application to the CDFI Fund, which will make a final certification decision.

NCUA’s online program guide contains the instructions for the qualification process. To learn more, visit the NCUA-CDFI Certification Initiative webpage.