How to Apply for a Professional Development Grant
The New York Credit Union Foundation provides financial assistance to credit union employees and volunteers for attending education and training programs offered by the Credit Union Association of New York and other movement related organizations.
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 use the printable application form and e-mail, fax or mail it to us.
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 this 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
Professional development grants may be used for registration fees to attend professional development training and education workshops and conferences offered by or through the Credit Union Association of New York or industry related organizations. In special cases, funding may be used for travel and/or lodging if there are no registration fees for a program or conference, or if those fees have been reduced by the hosting organization.
- If the grant request is for an Association training session or for Convention, be sure to complete the online E&T registration form in addition to the online grant application form.
- Credit unions may submit more than one application for Professional Development throughout the year until they reach the maximum fund limit
Credit unions are limited to using Professional Development Grants no more than two consecutive years for an event. For example: A grant is used for two years in a row for the Volunteer’s Conference, allowing two different volunteers to attend, one each year. The third year, the credit union cannot use a Professional Development Grant for the Volunteer’s Conference.
Professional development applications may be submitted throughout the calendar year or until grant funds have been depleted.
Professional Development Grant requests must be received at least ten days prior to the event.
The applicant will receive notification of a grant award decision within seven (7) business days from the date of the application submission.
NYCUF will evaluate the grant application based on your credit union’s financial need and performance.
Grant Award Limits
For Professionals Development Grants, the following asset size guidelines will be utilized for award limits per credit union:
$0-25 Million $2,000
$25-50 Million $1,500
$50 Million + $750
These guidelines are subject to modification at any time and are contingent upon the availability of funds. Unique circumstances may result in scholarship awards beyond the guidelines listed and by applying for a Professional Development Grant does not guarantee funding or full funding allotment.
Funding is made possible thanks to New York credit unions that participate in the Community Investment Fund (CIF).