# Community Development Revolving Loan Program for Credit Unions
> **US National Credit Union Administration** · Final amendments. · Published 1996-09-27 · Effective 1996-10-01 · 61 FR 50694
## Document
- **Document number:** 96-24458
- **Category:** other
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 61 FR 50694
- **CFR reference:** 12 CFR 701
- **Publication date:** 1996-09-27
- **Effective date:** 1996-10-01
## Abstract

The purpose of the Community Development Revolving Loan Program for Credit Unions is to make reduced rate loans and provide technical assistance to both Federal and State-chartered credit unions serving low-income communities. The NCUA Board is issuing final amendments to this regulation to: eliminate the limits on technical assistance that may be provided per year to participating credit unions; clarify that student credit unions may not participate in the Program; clarify that credit unions may receive up to $300,000 in loans in the aggregate at any one time; and require additional documentation from nonfederally insured credit unions that may wish to participate in the Program. The NCUA Board is also issuing a technical amendment to another regulatory provision to conform it to the revised Program regulations.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/09/27/96-24458/community-development-revolving-loan-program-for-credit-unions)
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