Bankowość i finanse · 26/11/2008

NCUA Amends Low-Income Definition to Use Median Family Income

The National Credit Union Administration (NCUA) is updating its definition of 'low-income members' to use median family income (MFI) to qualify credit unions for assistance from the Community Development Revolving Loan Fund (CDRLF). The change aims to clarify the process and align NCUA criteria with other federal programs.