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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
 
Program Assessment

Program

View Assessment Details

Credit Union Loan and Technical Assistance Grant Program

The program provides loans and grants to credit unions that serve low-income customers to provide basic financial services and stimulate economic activities in their communities.

Rating

What This Rating Means

NOT PERFORMING
Results Not Demonstrated

A rating of Results Not Demonstrated (RND) indicates that a program has not been able to develop acceptable performance goals or collect data to determine whether it is performing.
  • The program is well designed to meet its objectives and effectively targets its resources. The program's guidelines on loan and grant applications criteria were revised in 2005 and posted on website. Performance measures demonstrate that credit unions that serve low-income customers are increasing loans, member deposits, and assets.
  • The program is duplicative of certain aspects of the Community Development Financial Institution Fund, which also seeks to promote community development through assisting financial institutions in underserved communities.
  • The program lacks performance measures that illustrate whether the program meets its overall objective of increasing income, home ownership, and employment opportunities for low-income customers. The program does not monitor credit unions to determine whether "low-income" status should continue.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Developing long-term performance measures that demonstrate that credit unions that serve low-income customers are contributing to increasing income, ownership, and employment opportunities.
  • Revising current annual performance measures so that performance of credit unions that serve low-income customers is tied to the performance of all credit unions.
  • Working to monitor the status of credit unions that are designated "low-income" to ensure that their membership still qualifies and resources are targeted to populations in greatest need.

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