Foundation grants available to assist CUs, professionals, volunteers

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Credit unions and individuals are encouraged to utilize the New York Credit Union Foundation’s multiple grant programs, which are designed to meet the unique needs of the New York credit union community.

Disaster Relief Grants are awarded to credit unions, employees, volunteers and members who have been impacted by unforeseen disasters. This grant program is enacted on an emergency or as needed basis. In recent years, hundreds of credit unions and individuals have used these grants to help rebuild after Hurricanes Irene, Maria and Sandy.

Professional Development Grants enable credit union employees and volunteers to attend education and training programs offered by the New York Credit Union Association and other credit union system organizations.

Smart Money Grants fund credit unions’ efforts to reach emerging and underrepresented markets, including youth, older Americans, immigrant populations and people of low or modest means. The grants help provide funding for a financial education and counseling programs, homeownership services, savings and wealth-building initiatives, outreach to the unbanked, EITC and VITA tax preparation, and more.

Small Credit Union Grants help credit unions with up to $100 million in assets fund initiatives to improve member service. For example, the funds can be used to purchase new technology, enhance security and operations, or conduct strategic planning sessions.

To learn more or apply for a grant, visit the Foundation’s website.

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