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News Now

CU System
Iowa Foundation provides nine grants to small CUs
DES MOINES, Iowa (1/9/08)--The Iowa Credit Union Foundation provided grants to nine small Iowa credit unions through its annual small credit union grant program. Funding for small credit unions grants is provided to the foundation annually by Veridian CU, a $1.214 billion asset credit union based in Waterloo, Iowa. Two grants are available to small credit unions: one for up to $1,000 for technology and planning needs; and the second for up to $2,500 for a credit union manager or board member to attend the annual Governmental Affairs Conference, sponsored by the Credit Union National Association (CUNA). The 2007 Small Credit Union Technology Grant recipients include:
* Dapako CU, Clinton; * Dubuque Teachers CU, Dubuque; * Frontier CU, Fort Dodge; * Polk County Employees CU, Des Moines; * Postal Employees CU, Fort Dodge; * Power Co-Op Employees CU, Humboldt; * Quaker Oats CU, Cedar Rapids; * Von Maur Employees CU, Davenport; and * Waterloo Police CU, Cedar Rapids.
The Governmental Affairs Conference Grant recipient for 2007 is Leitha Aten of the UNI CU in Cedar Falls. “Thanks to the generous support of the Veridian CU Board of Directors, the Iowa Credit Union Foundation is able to provide crucial support to small credit unions to help them meet their technology needs,” said Marybeth Foster, foundation executive director. “The Governmental Affairs Conference Grant allows credit union board members or managers to attend a national conference so that they in turn can better educate elected officials about issues important to small credit unions in Iowa.”


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