DES MOINES, Iowa(12/3/10)--The Iowa Credit Union Foundation (ICUF) awarded $22,500 to nine credit unions to further advance their financial education efforts. The recipients were chosen based on their financial education plans to reach a specific target market, or for the strategic direction set by that credit union’s board of directors. Each credit union will receive a $2,500 financial education grant. The Iowa credit unions selected to receive the grants are:
* Alliant Credit Union, Dubuque; * Ascentra Credit Union, Bettendorf; * Community 1st Credit Union, Ottumwa; * Financial Plus Credit Union, West Des Moines; * Greater Iowa Credit Union, Ames; * Midwest Utilities Credit Union, Waterloo; * Town and Country Credit Union, Harlan; * Veridian Credit Union, Waterloo; and * Village Credit Union, Des Moines.
“During these tough economic times, it is more important than ever that we equip our credit union members with the information they need to make sound financial decisions,” said Marybeth Foster, executive director of the Iowa Credit Union Foundation. “This grant is designed to help credit unions develop a financial education program or enhance an existing financial education program.” Winners were selected by the ICUF Grant and Scholarship Committee. Funds for the project came through a grant from the Northwest Area Foundation.