The New York Credit Union Foundation offers financial support to credit unions through several grantmaking programs.
- Professional Development Grants provide for the education and training of credit union staff members and volunteers
- Smart Money Grants for credit unions providing financial education and access to members and/or consumers
- Small Credit Union Grants provides credit unions under $50 million in assets with financial assistance for general operating needs that will ultimately help to improve member service.
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. In addition, Smart Money applicants must be able to define anticipated program outcomes. The total amount of a grant award will vary for members and non-members of the Credit Union Association of New York.
Grant Award Limits
Each credit union is eligible for a maximum of $4,500 in total grant funding per year. This includes all Professional Development, Smart Money and Small Credit Union grants.
This does not mean that your credit union is guaranteed $4,500 from the Foundation. This is a competitive grantmaking process; applications are reviewed based on specific criteria for each program.
These limits are subject to modification at any time and are contingent upon the availability of funds.
Funding is made possible thanks to New York’s credit unions that participate in the Community Investment Fund (CIF).