Three credit unions in Massachusetts recently received grants from the NCUA.

Fall River Municipal Credit Union received $8,000 and Revere Municipal Employees Credit Union and Worcester Credit Union received $10,000 each, all for digital services and security purposes.

The NCUA awarded $2 million in total grants to help 203 low-income credit unions improve digital services and security, increase outreach to underserved communities, and train employees.

“These are investments in fundamentals: protecting credit unions and their members, expanding access to affordable financial services and building human capital,” NCUA Board Chairman J. Mark McWatters said in a statement. “In particular, helping credit unions detect and defend against cyberattacks is essential to keeping members safe and the financial system secure.”

Grant awards ranged from $1,300 to $20,000 and were made to credit unions in 42 states and the District of Columbia. Forty-four credit unions are first-time grant recipients, while Twenty-eight are minority depository institutions. A total of 243 credit unions made grant requests of $2.5 million in this year’s grant round.

Three MA Credit Unions Receive Federal Grants

by Banker & Tradesman time to read: 1 min