BISMARCK, N.D. (2/2/12)--The Credit Union Foundation of the Dakotas has grants available to community organizations and credit unions affiliated with the Credit Union Association of the Dakotas.
The foundation 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.
The foundation's grant committee will consider grant proposals throughout the year. Applications are due March 31.
Funds may be used for these purposes:
- 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 that are 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 un-served, underserved or low-income consumers;
- Affordable housing projects;
- 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.
Those applying must meet these criteria:
- 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 clearly demonstrate how the project will impact credit unions and their members.
- 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 the benefit and ensure sustainability at the conclusion of the grant.
- Obtain letters confirming in-kind support or funding commitments from partners within and outside the credit union movement.
- Have tangible, achievable goals and objectives.
Organizations obtaining funds will be required to file a grant report. The report should include a summary of the project or event, and how the funds were used.