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CU System
Michigan league granted 43828 for foreclosure video
PLYMOUTH, Mich. (10/7/08)--The National Credit Union Foundation (NCUF) awarded an innovation grant of $43,828 to the Michigan Credit Union League for a video on foreclosure prevention that will be distributed though credit unions and online. It will inform homeowners about money management and financial resources. The video will be the centerpiece of a Web page for troubled homeowners that will include information on mortgage relief programs such as those offered by the U.S. Department of Housing and Urban Development and the Michigan State Housing Development Authority. The league also will distribute the video through a partnership with the Michigan State University Extension and the Michigan Association of United Ways. “The video will help credit unions to be even more a part of the solution to the foreclosure crisis,” said CU Village President and Chief Operating Officer Todd Mason. “By combining the educational power of a video and the resources available on the website, we are able to provide a tool to help people avoid the trap of foreclosure. The credit union network and our partners in this project will make sure that the video is seen by those who need it.” The NCUF supports projects by credit unions and state leagues that make a difference in local communities. Its Community Investment Fund has given out more than $500,000 this year.
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