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CU System
Illinois foundation awards 37000 in second grant round
NAPERVILLE, Ill. (9/8/11)--The Illinois Credit Union Foundation has awarded $37,207 in 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 nearly $68,000. SCUD grants totaled $15,439 and were awarded to eight credit unions. SCUD grants are used for computer hardware and software, equipment and upgrades, and other operational needs. The recipients were:
* Blaw Knox CU, Mattoon; * Bloom Township High School CU, Chicago Heights; * CT Community CU, East St. Louis; * D-B Employees CU, Johnston City; * Decatur (Ill.) Postal CU; * Northside L FCU, Chicago; * Ottawa (Ill.) Hiway CU; and * St. Mark CU, Chicago.
The foundation also awarded a $500 Community Service Grant, designed to encourage and reward chapter or credit union participation in local community projects to Hawthorne CU, Naperville. The credit union supports “Families Helping Families,” a local social service organization that provides apartments and volunteer mentors to homeless families while they work to reclaim their lives through education. Also, five credit unions and one chapter received Marketing and Business Development grants that totaled $13,268. The recipients were:
*Altonized Community FCU, Alton; * CSX Chicago Terminal CU, Calumet City; * NICE FCU, St. Charles; * Riverside Community CU, Kankakee; and * Tinley Forest Employees CU, Oak Forest.
The Rockford Area Chapter was the other recipient. Last year, the foundation awarded $56,209 in SCUD grants, $7,300 in community service grants, $6,000 in FIRE grants, $26,100 in marketing and business development grants, and $33,286 in scholarships.


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