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Michigan Credit Union Foundation Scholarships and Grants

According to the MCUF Governance Manual, all scholarships and grants are approved by the Executive Director unless otherwise noted in the chart below.

Scholarships	Who is eligible	How to apply	Allowable Uses	How is it paid?
$1,000 Educational scholarships for employees of small asset sized (SAS) credit unions (under $50 million). More information	Credit union staff of any Michigan SAS credit union. Automatic approval of $1,000 total per SAS credit union per year.	Directly on MCUL Education event registration form CUNA – on CUNA registration form with copy to MCUF CUES – directly to MCUF with letter or email Click here for more information	MCUL Educational  Events CUNA Educational Program Registration Fees CUES Educational Events, registration fees	MCUL events are paid directly to MCUL by MCUF Bills for other educational activities will be paid first by the credit union. The bill and paid receipt is sent to MCUF for reimbursement.
$500 Educational scholarships available for credit unions facing hardship with Board notification of action taken. More information	Larger credit unions with need. Must be submitted for approval by MCUF Trustees.	With letter of request per instructions. Click here for instructions	Fees for employee educational events and training.	Approved scholarships paid upon receipt of request for reimbursement by MCUF.
CUNA Management School – Scholarship Supported by: Ebaugh-Lesniki Memorial Fund & Vanderveen Memorial Fund More information	1st, 2nd and 3rd year students who have 2 years of full time credit union service (no credit union asset restrictions)	Complete online application to be submitted for MCUF Trustee approval. Click here to apply.	Reimbursement for CUNA Management School Tuition	Bills for CUNA Management school are paid by the participant. The bill and paid receipt are sent to MCUL for reimbursement.
Grants	Who is eligible	How to apply	Allowable Uses	How is it paid?
$2,000 Operational Grants for small asset sized (SAS) credit unions (under $50 million). More information	SAS credit unions.	Complete online application to be submitted for MCUF Trustees approval. Click here to apply.	Operation-related expenses such as upgrades in technology-based products and office equipment.	Approved  activity paid upon receipt of request for reimbursement by MCUF.
Community Reinvestment Initiative Grants More information	Any individual credit union, credit union chapter, or group of credit unions working together.	Complete online application to be submitted for MCUF Trustee approval. Click here to apply.	Any community-based activity which provides for outreach and engagement and involves serving the community with an emphasis on financial education efforts	Directly to the credit union upon receipt of billing for CRI related expenses.