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News Now

CU System
Texas foundation disperses more than 1 million
DALLAS (12/26/08)--The Texas Credit Union Foundation dispersed more than $1 million in grants, scholarships and programs during 2008. Nearly $400,000 of grants awarded went to provide specialized training for credit union professionals and allowed them to participate in community outreach initiatives to the unbanked and underserved, as well as deploy financial education in schools and communities. The foundation also provided more than $100,000 in free financial education training for teachers, community groups and credit unions. “These grants enable our credit unions to implement life-altering initiatives,” said Jill Pharr, executive director of the foundation. The foundation also dispersed $640,000 in emergency relief grants to nearly 1,000 credit union employees in Southwest Texas who suffered personal loss from Hurricane Ike, which struck Southeast Texas in September. “Many of these employees and their families literally lost everything but the clothes on their backs,” Pharr said. Since 2002, the foundation has awarded more than $4 million in grants to Texas credit unions and community organizations providing financial literacy.


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