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
Innovation grants deadline is nearing says NCUF
WASHINGTON (6/17/10)--Credit union organizations now are eligible to apply for new Innovation Grants from the National Credit Union Foundation (NCUF) through June 30. Innovation Grants are aligned with NCUF’s signature program, REAL Solutions, which aims to help the low-wealth achieve financial stability. However, participation in REAL Solutions is not required to apply for a grant. NCUF is seeking grant applications in any of REAL Solutions’ five service areas:
* Education. Innovation Grants assist credit union organizations participating in national financial education programs including Biz Kid$ and the National Endowment for Financial Education (NEFE). They also support initiatives such as financial counseling, product awareness and staff training. * Transaction Services. Examples include check cashing, money orders, pre-paid stored value cards, remittances, second-chance/fresh-start checking and tax preparation. * Savings. Examples include prize-based savings, safe accounts, savings challenges and step-up share certificates. * Credit. Innovation Grants support initiatives that help nonprime borrowers build and improve credit through credit unions. Initiatives include alternative credit reports, citizenship loans, first and last rent loans, flexible loan policies, nonprime used-car loans, score builder loans and thin-file loans. * Homeownership. Examples include foreclosure assistance loans, green loans, Home Loan Payment Relief mortgages, Individual Taxpayer ID Number loans and timely repayment rewards.
“We have added a grant application criterion asking, ‘Can your project be replicated by other leagues or credit unions?’” said NCUF Executive Director Bucky Sebastian. “We’re looking to maximize our funding to help credit unions reach new members and deliver innovative services.” Credit unions, credit union service organizations, state credit union associations, state credit union foundations, and any other organizations owned or controlled by credit unions can apply for the grants. Grant dollar availability depends on how much credit union organizations invest in the Community Investment Fund (CIF). Those interested in applying for grants and/or investing in the CIF can contact Lois Kitsch at 407-616-2409.
Other Resources

RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
10 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
5 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
5 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
7 hours ago