MCUF Awards Community Reinvestment Grants
The Michigan Credit Union Foundation (MCUF) has approved nineteen grant applications totaling $63,820 so far this year for a variety of community reinvestment and financial education activities that exemplify the credit union difference. While the recent grant cycle closed on June 30, additional grant funding is still available for community reinvestment and financial education initiatives this year, and additional funding requests are still being accepted.
Michigan credit unions are putting social mission principles in action in their communities with a little help from the MCUF, showcased in this video. With grant funding still available, your credit union or chapter can apply to receive assistance with your own activity or to host the already proven successful “Acting Up for Financial Literacy” theatre residency program shown in the video in your local schools, or facilitate a Financial Reality Fair for teens.
Recently approved grants include funding for unique credit union outreach activities such as launching a neighborhood housing improvement project in Saginaw, combining financial counseling outreach with second chance checking accounts for underbanked people in Kalamazoo, and bringing a youth financial education app into classrooms in Wayne. In addition to these individual credit union activities, credit unions in the Flint Chapter are working together to install several “Little Free Libraries” stocked with financial education materials in their communities.
MCUF grants also supported more established programs such as starting student-run credit union branches in schools and hosting Financial Reality Fairs and Retire on Track Fairs. In the 2015-2016 school year, the MCUF helped host 30 fairs where more than 2,500 high school students prepared for independent financial living.
MCUF can help address community problems, create sustainable solutions, and increase the impact of community reinvestment, financial education initiatives and partnerships. 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. Applying for a grant is easy and starts with an inquiry or conversation. Contact Beth Troost at (800) 262-6285, ext. 453, or learn more about donating or applying for funding here.
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