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Michigan Credit Union League

Bite of Reality App Grants Now Available from NCUF

Credit union organizations can apply for a Bite of Reality App Grant from the National Credit Union Foundation (NCUF) now through August 31. NCUF hopes to distribute up to $50,000 in grant funds to credit union organizations as part of this effort.

The RMJ Foundation developed a Bite of Reality App to modernize Financial Reality Fairs and add technology to the in-person experience, allowing students to use their mobile phone or tablet in place of pen and paper. Using a digital platform that is now second nature to students allows them to fully immerse themselves into the reality fair experience.

The Bite of Reality App replaces student materials like notebooks, calculators, pencils, checkbooks and worksheets, while still requiring the students to engage with the volunteers and navigate the hard sales environment that is integral to the Financial Reality Fair experience.

“The Foundation has seen first-hand the profound effectiveness of reality fairs for over ten years,” said NCUF’s executive director, Gigi Hyland. “We are proud to fund the opportunity to bring technology, additional scale and reach to the reality fair experience through the Bite of Reality App.”

Support from NCUF has allowed the app to be customized and used by others across the credit union movement. Benefits of utilizing the app include gained efficiencies and savings on the purchase, storage and shipping of student materials.

Credit unions that have used the app have seen increased student engagement, and the simplified process allows students to complete the fair in less time with fewer volunteers. NCUF is funding up to $5,000 per organization, which covers the cost of basic app customization.

The Michigan Credit Union Foundation (MCUF) will be working with the RMJ Foundation to customize an app to be used with MCUF’s existing financial reality fair materials. This will be available to Michigan credit unions later in 2018.

Credit unions can also apply for a Bite of Reality App Grant directly to create their own version.

Click Here for the Request for Proposals (RFP) Document (pdf)

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2018-07-16 00:00:00