MCUF Grants Help CUs Increase Impact: Act by June 30
Credit unions are being encouraged to contact the Michigan Credit Union Foundation (MCUF) by June 30 for community reinvestment initiative grants ranging in value from $100 to $20,000.
MCUF is making funds available to help credit unions build stronger communities by addressing community problems, creating sustainable solutions and by helping to increase community reinvestment, financial education initiatives, partnerships and more.
Beth Troost, MCUF Executive Director, said she encounters many people who have an aversion to applying for grants, as they automatically believe it is a long and complicated process.
"Applying for and utilizing a MCUF grant is easy," Troost said. "The project does not need to be large or complicated and all it takes to start the process is a personal conversation to explore the idea for funding."
Grants from the Foundation can be used to implement unique credit union initiatives or partnerships, or to replicate or expand on existing saving, lending and educational programs to help community members. Examples and suggestions for community reinvestment projects are listed on the MCUF website, and include conducting community “credit check-ups,” expanding financial education activities and enhancing non-prime auto lending. Requests for funding to assist families and small businesses in low-income, underbanked or underserved areas are especially encouraged by MCUF.
Funded by donations from credit unions, chapters and businesses, MCUF works cooperatively to help credit unions thrive and serve Michigan communities through financial education, community reinvestment and professional development support. The current MCUF grant cycle inquiries are due June 30. For more information or to get started, contact Beth Troost at (800) 262-6285, ext. 453, or learn more about donating or applying for funding here.