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Michigan Credit Union Foundation

Cooperatively empowering credit unions to increase financial well-being by supporting community enrichment, financial education, and credit union development initiatives.

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NCUF Foster Youth Education Grant Now Available!

Join credit unions across the country, in addressing a critical issue; the financial education needs of over 400,000 children and youth in foster care. They face unique challenges, and studies show lower rates of higher education enrollment and limited access to support systems among foster youth.

The National Credit Union Foundation (NCUF) is offering $173K to credit unions of any size, to establish programs supporting foster youth with basic financial education in budgeting, credit, and banking solutions.

Eligible credit unions will be encouraged to open savings and checking accounts for this demographic while also providing timely financial education and well-being information for youth in preparation for aging out of the foster care system. In order to apply for grant funding, interested credit unions will need to submit a proposal that outlines the programming they will establish to support financial education and accounts for foster youth.

Is your credit union interested in providing programming and products to serve this demographic? Registration is now open and will run through Aug. 20, 2024. Once applications are received, assessed, and approved, the Foundation will divide available funding amongst qualified participants.

Click here to learn more about this opportunity, and to apply for NCUF grant funding. To learn more about NCUF grant programs, contact Christine Hickey, Financial Health Program Manager, via email at chickey@ncuf.coop.

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