Foundation Earmarks $170,000+ For Grants & Programs; Financial Literacy, Emerging CU Support Highlighted

Credit Union Foundation Directors have approved the largest pool of grant funding in the organization’s history, budgeting $171,250 to benefit Maryland and D.C.-based credit unions and the members they serve through established signature programs and innovative initiatives.

Among the Foundation’s traditional offerings receiving renewed funding is the popular Credit Union College Scholarship Program. Funding for this program was increased to $12,000 to accommodate a new photo category to the essay and video categories.

The Foundation’s Training Grants Program was renewed to meet the growing demand for training support for credit unions up to $150 million in assets.

Financial literacy funding expanded to help the Foundation meet credit unions’ needs for financial education support and to allow the expansion of the Foundation’s Millionaire’s Club high school program.

The Foundation continues to support Credit Union Finder™, the industry’s first mobile app for the iPhone™, iPad™ and iPod Touch™, that allows on-the-go members to find and connect with their credit unions using mobile devices. Members and prospective members can search, map and connect using NCUA’s global database of credit unions and branches. Over 5,500 users have downloaded the app.

The Roycroft Masters Advisory Program, offering free management engagements provided by experienced credit union professionals to more than 100 emerging credit unions in Maryland and D.C., was also renewed. Additionally, the Board directed the team of Roycroft Masters to address credit unions’ needs with regards to asset liability management modeling, a charge the group of former credit union CEOs have begun to tackle.