# Community Development Revolving Loan Fund Access for Credit Unions
> **US National Credit Union Administration** · Final rule. · Published 2011-11-02 · Effective 2011-12-02 · 76 FR 67583
## Document
- **Document number:** 2011-28335
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 76 FR 67583
- **CFR reference:** 12 CFR 701
- **Publication date:** 2011-11-02
- **Effective date:** 2011-12-02
## Abstract

NCUA is issuing a final rule to change its regulation governing the process by which the agency solicits, receives, evaluates, and acts on credit union applications for loans and technical assistance grants from the Community Development Revolving Loan Fund (CDRLF or Fund). The changes update the rule to increase transparency and are intended to improve its organization, structure, and ease of use by credit unions. The revisions do not reflect a change to the fundamental mission of the CDRLF, but instead remove unnecessary detail and outdated processes in the regulation while adding clarification and flexibility. The final rule also clarifies the application process and adds requirements addressing reporting and monitoring.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/11/02/2011-28335/community-development-revolving-loan-fund-access-for-credit-unions)
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