Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Illinois Foundation's Second Round Of Grants Totals $23,325
NAPERVILLE, Ill. (8/28/13)--The Illinois Credit Union Foundation recently awarded $23,325 in grants for Small Credit Union Development (SCUD), Community Service, Marketing and Business Development, and Financial Independence & Revitalization Effort (FIRE) grants, bringing the total awarded for the year to more than $75,200.

SCUD grants totaled $6,825 and were awarded to six credit unions. Purposes for the SCUD grants included computer hardware and software, equipment and upgrades, and other operational needs. The recipients were:
  • Alton Bell Community CU, Alton;
  • Gideon FCU, Waukegan;
  • IRSE CU, Springfield;
  • Taylorville (Ill.) School Employees CU;
  • Tazewell County Government Employees CU, Pekin; and
  • Waukegan (Ill.) Municipal Employees CU.
The foundation also awarded one $500 Community Service grant. Credit unions and chapters can qualify for grants by hosting, creating or volunteering at an established event. Landmark CU, Danville, will use its grant to initiate a backpack program.

Three credit unions received Marketing and Business Development grants that totaled $8,500. The recipients were:
  • Bensenville (Ill.) Community CU;
  • Sangamo Chapter CU, Springfield; and
  • Utility Employees CU, Decatur.
Established in 2006, the grants help credit unions with assets of up to $30 million to start or expand outreach efforts. The maximum grant award is $5,000 per credit union per year. Grants have financed website upgrades, new services and brand development.

Community Plus FCU, Rantoul, was a recipient of a FIRE grant. The FIRE Program provides assistance to credit unions so they can provide credit and financial services to residents and businesses in low-income and underserved areas of Illinois.

The credit union will use its grant to investigate leveraging a community development financial institutions award to potentially introduce a non-predatory auto loan alternative program in the community.
RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
1 Day ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
1 hours ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
3 hours ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
3 hours ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
4 hours ago