Foundation Overview
Established in 1954 to honor J.C. Howell, a key figure in the early days of pioneering Detroit Teachers Credit Union and the Michigan Credit Union League (MCUL), the Foundation was created to administer the collection and disbursement of funds for general charitable and educational uses which benefit the Credit Union System.
The Michigan Credit Union Foundation (MCUF) solicits credit unions, chapters, individuals, and companies who support and serve credit unions.
The MCUF is governed by a volunteer Board of seven Trustees who determine and guide the direction of the MCUF. They determine criteria for scholarship and grant eligibility, present the Ebaugh-Lesnieski and Vanderveen Memorial Scholarships, the Credit Union "Community Volunteer" award, and the "International Credit Union Development" award.
MCUF Mission Statement
To provide grant and scholarship funds for Michigan credit union staff and volunteers, to participate in educational and leadership development opportunities, support the National Credit Union Foundation and global credit union development and recognize and promote leadership and community involvement.
General Information
With changes in the economic climate, regulation, and technology, Michigan's credit unions need continuing education to ensure excellence. The foundation provides funds to credit unions with limited resources so they can attend educational events and get needed training. With the support of members, the MCUF continues to ensure that education is provided to all Michigan credit unions.
Fundraising
The major source of donations for the MCUF is the Power for Just Pennies Annual Fundraiser. By donating four (4) cents to the Foundation for each of your CU members, you can help guarantee the aid necessary for those credit unions. Click the following to access the 2010 donation form: 2010 MCUF Power for Just Pennies Annual Fundraiser Donation Form
Your contribution can be designated to support one of the funds that make up the MCUF.
- The General Fund--provides educational scholarships for officials, management and staff of small credit unions and provides grants to related organizations.
- General Scholarships--a full scholarship to attend CUNA Management School
- Ebaugh-Lesnieski Memorial Scholarship Fund--provides a scholarship for deserving first, second or third-year CUNA Management School student.
- Vanderveen Memorial Fund--provides a scholarship to a deserving first-year CUNA Management School student.
- Woodman-Wilde--provides a $5,000 scholarship to a Michigan college student named by the Credit Union Community Volunteer recipient.
The MCUF also supports community outreach and engagement initiatives by credit unions through their Community Reinvestment Initiative (CRI) grant program. Credit unions can apply for grants to assist, advance and strengthen the Michigan Credit Union movement, support credit union member services, financial literacy or community involvement and/or support activities related to the Michigan Credit Union League’s CRI initiative.
For more information regarding MCUF, contact Stacy Dugan, Executive Director at: Stacy.Dugan@mcul.org or by calling 1-800-262-6285 Ext. 458.
To learn more about the CIF program, please contact CenCorp's Finance Department at 1-888-236-2677 or visit the CIF website by clicking here.
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Regulatory Affairs
