Torrington Municipal and Teachers Federal Credit Union and Consolidated Control Corp. Federal Credit Union recently received grants from the NCUA.
Torrington Municipal and Teachers FCU received $5,533 for leadership and development purposes, while Consolidated Controls Corp. FCU received $10,000 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. 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.





