In 2008, $257,700 in earned interest income* from the CIF was allocated as follows.
- 39 percent ($101, 464) for grant making programs
- Professional Development Grants: 81 grants totaling $43,258 to 45 credit unions
- Making the Strategic Connection-CUANY: $20,000
- REAL Solutions-CUANY: $15,000
- Biz Kid$--WA CU League (national production)/Albany launch event: $11,830
- Smart Money: 2 grants totaling $4,626 to credit unions
- Organizational Grants: 6 grants totaling $6,750
- 31 percent ($78,995) for youth financial literacy programs
- NEFE High School Financial Planning Program
- LifeSmarts
- Brass Student Program
- Kid's Cash Kit & Caboodle
- BizKid$
- 30 percent ($77,340) for some of the NYCUF's general operating expenses
- Personnel
- Travel
1Earned interest income was based on an average investment level of $29.25 M in 2008. 2The financial fitness program was funded by the Credit Union Association of New York. A total of $34,638 was disbursed to credit unions in 2008.
