How to Apply for an IMPACT Grant
The New York Credit Union Foundation helps fund credit union efforts in a variety of areas such as technology enhancements, security upgrades, consulting services such as strategic planning and efforts to support emerging and underrepresented markets, including youth, older Americans, immigrant populations and people of low or modest means.
The New York Credit Union Foundation – Grants
PO Box 15118
Albany, New York 12212-5118
Up to $5,000
All federal- and state-chartered credit unions located in New York State are eligible to apply. Applicants must be able to define anticipated benefits and outcomes related to the purpose of the grant. The total amount of a grant award will vary for members and non-members of the New York Credit Union Association.
Use of Grant Funds
IMPACT Grants may be used for a variety of projects including, but not limited to, technology and operational enhancements, security upgrades, consulting services including strategic planning, youth or adult financial education programs, homeownership programs or services, financial counseling, savings and wealth building initiatives, and 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.
Foundation 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.
- Applications must be accompanied by a project budget and other pertinent supporting documentation.
- No more than one IMPACT Grant application may be submitted for consideration at a time.
- Incomplete grant applications will not be considered.
Grant Award Limits
The award limit for IMPACT Grants is $5,000 per credit union per calendar year. This does not mean that your credit union is guaranteed $5,000 from the Foundation. This is a competitive grant making process; applications are reviewed based on specific criteria for each program.
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 IMPACT Grant does not guarantee funding or the full funding allotment.