Smart Money Grants


How to Apply for a Smart Money Grant

The New York Credit Union Foundation provides support to credit unions offering programs and services that help to foster the financial independence of New Yorkers through financial literacy and outreach efforts. The focus of the Smart Money Grant program is to assist in reaching and educating emerging markets, as well as individuals and families of low and/or modest means.

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 - $3000

Eligibility Requirements

All federal- and state-chartered credit unions located in New York State are eligible to apply. In addition, Smart Money applications 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.

Use of Grant Funds

Smart Money Grants may be used for a variety of projects including, but not limited to, youth or adult financial education programs, homeownership programs or services, financial counseling, savings and wealth building initiatives, providing the “unbanked” with access to financial services and EITC tax preparation. Funds may also be used to assist credit unions in reaching underserved or emerging markets, including youth, older Americans and immigrant populations.


Grant applications received by April 30, 2014 will be reviewed in early May, grants received after April 30, 2014 will be reviewed in September.

Review Criteria

NYCUF will evaluate the grant application based on the credit union’s financial need and performance.

Projects must have clearly defined, measurable and achievable goals and objectives.

No more than one Smart Money Grant application may be submitted for consideration per funding cycle.

Incomplete grant applications will not be considered.

Grant Award Limits

For Smart Money grants, the award limit is $3,000 per credit union. This does not mean that your credit union is guaranteed $3,000 from the Foundation. This is a competitive grant making process; applications are reviewed based on specific criteria for each program.

Please note: Each credit union is eligible for a maximum of $4,500 in total grant funding per year. This includes all Professional Development, Small Credit Union and Smart Money grants.

These guidelines are subject to modification at any time and are contingent upon the availability of funds. Unique circumstances may result in grant awards beyond the guidelines listed and by applying for a Smart Money grant does not guarantee funding or the full funding allotment.


Funding Source
Funding is made possible thanks to New York credit unions that participate in the Community Investment Fund (CIF).