On Monday, the National Credit Union Administration (NCUA) awarded $3.47 million in Community Development Revolving Loan Fund grants to 97 low-income designated credit unions. Of the grant recipients, one is in Mississippi and three are in Tennessee.
Mississippi CDRLF Grant Recipient
1ST Mississippi Federal Credit Union, Meridian
Underserved Outreach New or Expanded Financial Education Programs; New or Expanded Outreach Efforts, $50,000
Tennessee CDRLF Grant Recipient
Fair Break Federal Credit Union, Memphis
Technology, Cybersecurity, and Artificial Intelligence Implementation of Mobile/Online Banking Features, $25,000
Tennessee Employees Credit Union, Nashville
Underserved Outreach New or Expanded Financial Education Programs; New or Expanded Outreach Efforts, $50,000
Tennessee Members 1st Federal Credit Union, Oak Ridge
Technology, Cybersecurity, and Artificial Intelligence Implementation of Mobile/Online Banking Features; Implementation of Artificial Intelligence Capabilities, $24,500
Learn More
Please see NCUA’s press release for more information and here’s a complete list of 2026 grant recipients.
