How to Apply for a Financial Fitness Grant
The New York Credit Union Foundation provides credit unions with financial assistance for general operating needs that will ultimately help to improve member service.
Application Process
The online application form can be completed and submitted online if you have Adobe Acrobat Reader version 6 or higher installed. Please note that you will not be able to save the document electronically. Be sure to print a copy for your files before hitting the “Submit” button. If you are unable to submit the application via e-mail, please print the application and mail it to us.
Grant Range
$500-$1,500
Eligibility Requirements
All federal- and state-chartered credit unions located in New York State are eligible to apply. Applicants must be able to demonstrate financial need as a requirement for any program. The total amount of a grant award will vary for members and non-members of the Credit Union Association of New York.
Use of Grant Funds
Financial fitness grants may be used for a variety of general operating needs that result in faster ATM transactions for members, safer storage of important personal data, convenient at home banking services, security equipment or consulting services.
The applicant may request reimbursement for a purchase or service acquired between January 1 and June 30, 2011, or for an upcoming purchase or service as long as it is completed by December 31, 2011.
Deadlines
All Financial Fitness grant applications are due by September 1, 2011. Grant applications received by April 30 will be reviewed in early May, grants received after April 30 will be reviewed in September.
Review Criteria NYCUF will evaluate the grant application based on your credit union’s financial need and performance.
Credit unions must demonstrate that the project was explored thoroughly prior to the grant application submission as requested in the narrative (see project description, questions a. and b.). Inclusion of supplemental materials (see attachments) is also required.
Grant Award Limits
For Financial Fitness grants, the award limit is $1,500 per credit union. This does not mean that your credit union is guaranteed $1,500 from the Foundation. This is a competitive grantmaking process; applications are reviewed based on specific criteria for each program.
Questions?
Contact Allison Barna or by phone at (800) 342-9835, ext.8134
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Funding Source Funding is made possible thanks to New York credit unions that participate in the Community Investment Fund (CIF). |
