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
- 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
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, Financial Fitness and Smart Money 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.
Funding is made possible thanks to New York’s credit unions that participate in the Community Investment Fund (CIF).