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Grants and Scholarships

GENERAL EDUCATIONAL SCHOLARSHIPS

Michigan credit union volunteers and staff are awarded nearly 250 scholarships totaling an average of $60,000 in educational grants each year through the generosity of their colleagues.

Applicants from credit unions $35 million and under in assets are automatically approved for $1,000 per year toward education; requests of special circumstances beyond that amount and by applicants from credit unions over $35 million in assets are submitted for review to MCUF Trustees. Scholarships are given for MCUL, CUcorp, CenCorp, CMG, chapter, Michigan CUES Council and CUNA-sponsored educational events including conferences, seminars, workshops, independent study programs, chapter programs, books, budgeting and ALM software, test modules, and the MCUL Annual Convention & Exposition.

To apply for educational scholarships please follow the process below that fits your asset size and scholarship request.

For credit unions $35 million and under in assets:

1. If the education event is offered through MCUL, please apply when registering for the event online. The cost of the education event or training will be paid directly by the MCUF.
2. If the education event is offered through an organization outside of MCUL, submit your scholarship request in writing to The Michigan Credit Union Foundation, Attn: Finance and Administration, P.O. Box 8054, Plymouth, MI 48170. Include the paid invoice for the education event along with your request. The MCUF reimburses education and training upon receipt of the paid invoice.

For credit unions over $35 million in assets:

1. Requests must include a letter regarding the training being requested and the need as well as any support the credit union can provide.
2. All requests by credit unions over $35 million in assets must be approved by the MCUF Board of Trustees.
3. Please contact the MCUF Executive Director, Beth Troost, at 800-262-6285 ext.453 or Beth.Troost@mcul.org for more information.
    

CUNA Management School is supported through three special awards; the Ebaugh-Lesnieski, Vanderveen Memorial and General Fund Scholarships.

CUNA Management School MCUF Scholarship Application

Ebaugh-Lesnieski Memorial Fund Scholarship

• Provides for reimbursement of the comprehensive fee that includes tuition, text and materials, meals and double room accommodations as stated in the CUNA Management School brochure.
• One scholarship will be awarded per year.
• There are no credit union asset size restrictions.
• To be awarded annually for first, second or third year CUNA Management School attendance.

Vanderveen Memorial Fund Scholarship

• Provides for reimbursement of the comprehensive fee that includes tuition, text, and materials, meals and double room accommodations as stated in the CUNA Management School brochure.
• At least two years of credit union service required.
• One scholarship will be awarded per year.
• There are no credit union asset size restrictions.
• To be awarded annually for first year CUNA Management School Attendance.

General Fund

• Covers the comprehensive fee to first, second or third-year CUNA Management School.
• Applicants must have completed at least two years of credit union service.
• There are no credit union asset restrictions.
• One scholarship will be awarded.
  

CRI GRANTS

The MCUF has resources available to assist credit unions with community-based work and expanding community partnerships.  Community Reinvestment Initiative(CRI) grants are available for credit unions developing or implementing a program that supports or is related to the Michigan Credit Union League’s CRI program. CRI Grants for member financial education efforts are especially encouraged. 

2011 CRI Grant Application

OPERATIONAL GRANTS

 The MCUF provides support for Michigan credit unions with $35 million or less in assets through Operational Grants. These grant funds are awarded to Michigan credit unions on a first come, first served basis as funds allow. The grants are for technology and operations related expenses and upgrades that will measurably assist the credit union in serving its members. As Operational Grant funds are limited, interested credit unions are encouraged to apply early in the year to optimize their chances of securing a grant. Grants are capped at $2,000 per credit union.

To apply:

1. The credit union CEO must submit a letter in writing detailing the request and how it will assist in the credit union's operations.
2. Include supporting materials including quotes or invoices as available.
3. Grant applications are reviewed on a rolling basis.
4. Operational Grant checks are sent to recipients upon receipt of the paid invoice by the MCUF.
5. Please contact the MCUF Executive Director, Beth Troost, at 800-262-6285 ext.453 or Beth.Troost@mcul.org for more information.

ADDITIONAL SCHOLARSHIPS

Woodman-Wilde Fund

• Annually supports a scholarship for a college student attending a Michigan school.
• Named by the Michigan Credit Union Community Volunteer Award recipient.

For more information contact Beth Troost, MCUF Executive Director, at 1-800-262-6285 ext. 453.