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CU System
Mich. foundation sets 100 K goal for 2011
LIVONIA, Mich. (7/12/11)--The Michigan Credit Union Foundation (MCUF) seeks to give $100,000 back to Michigan credit unions in the form of scholarships and grants during 2011 as part of an initiative to increase the foundation’s presence in the state. The initiative is being driven by the foundation’s board of trustees and is in response to work done at state credit union foundations nationwide, according to the Michigan Credit Union League (Michigan Monitor July 11). MCUF Executive Director Stacy Dugan said. Michigan, with its strong network of more than 300 credit unions, has the presence to meet the $100,000 goal, Dugan added. “MCUF is working to create recognition among Michigan credit unions as the source for support of employee education and grants for credit unions to reach out to their communities,” said Doug Burroughs, foundation Board of Trustees president. “MCUF seeks to elevate its profile and is looking to state credit union foundations with a similar league size and credit union footprint as role models.” The foundation created a video of trustees and credit union professionals who have benefited from the monies the MCUF offers. MCUF will add donation capabilities to its website, possibly by the end of the year. Online forms for scholarship and grant applications are also in the works. In addition to scholarships and grants, the foundation supports community outreach and engagement initiatives by credit unions through the Michigan Credit Union League’s Community Reinvestment Initiative grant program.
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