The New York Credit Union Foundation offers financial support to credit unions through several grantmaking programs. For 2010, credit unions can only apply to one program.
- Professional Development Grants provide for the education and training of credit union staff members and volunteers
- Financial Fitness Grants cover expenses for operating needs that help improve service to members
- Smart Money Grants for credit unions providing financial education and access to members and/or consumers
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. 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
For 2010, the grant 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.
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Funding Source Funding is made possible thanks to New York’s credit unions that participate in the Community Investment Fund (CIF). |
