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CUAD Grants Available For Fin. Lit. Efforts
BISMARCK, N.D. (5/22/13)--Grants are available to community organizations and credit unions affiliated with the Credit Union Association of the Dakotas through the Credit Union Foundation of the Dakotas.

CUAD is funded by participating North and South Dakota credit unions. It funds projects in the areas of access to financial services, financial education, savings and asset accumulation, and small-credit union development.

Applicants must be an affiliated North and South Dakota credit union or a community organization. Non-credit union organizations may apply for grant funding, but must partner with a North or South Dakota credit union and demonstrate how the project will impact credit unions and their members.

Funds may be used for:

  • Education of credit union employees and volunteers;
  • Public education initiatives related to consumer finance;
  • Projects and programs that support new, small or community development credit unions:
  • Enhancement to league/association projects funded by other sources consistent with the foundation's mission and purposes
  • Programs or projects that extend credit union services to the full range of membership, with emphasis on the un-served, underserved or low-income consumers;
  • Affordable housing projects;
  • Disaster relief;
  • Partnerships that provide services or carry out projects consistent with the Foundation's mission and purposes; and
  • Other purposes consistent with the foundation's 501(c) (3) mission and purpose.
Applicants also must:

  • Solicit endorsement and/or funding from at least one local credit union or credit union-related supporter;
  • Be able to leverage funds from other community, philanthropic, government or other sources to maximize benefit and ensure sustainability after the grant's funding ends;
  • Obtain letters confirming in-kind support or funding commitments from partners both within and outside the credit union movement; and
  • Have tangible, achievable goals and objectives.
For a list of what applications should include, use the link.

Applications are due by June 21.
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