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CUs Encouraged to Apply for Experiential Learning Grants
Friday, May 29, 2015 6:15 AM

NCUF

National Foundation’s Annual Grant Program Open June 1 – July 15

Credit union organizations are encouraged to apply for an Experiential Learning financial grant from the National Credit Union Foundation. The full call for proposals and grant application can be found here or by visiting ncuf.coop > how we help > grants.

Grant applications will be accepted from June 1 to July 15, 2015. Funded applications will be for $10,000 or more. 

What the Grants Fund

Experiential learning is the process of making meaning from a direct experience. Research has shown that most people learn best through experiential learning, or “learning by doing,” which is why the Foundation will support organizational efforts to start new programs or enhance existing experiential learning programs.

“At the Foundation, we’ve seen great success across the country with experiential learning financial education programs such as Reality Fairs & Retirement Fairs,” said Foundation National Program Director Lois Kitsch. “We want to build on that success and encourage credit unions to submit grant applications to improve people’s financial lives through interactive and engaging programs.”

The following experiential learning programs are ones that the Foundation has had experience with and are favored: 

  • Reality Fairs. A hands-on financial literacy experience for high school students to learn some of the financial challenges they will face when they start life on their own.
  • Retirement Fairs. In cooperation with CUNA Mutual Group, the Route Your Retirement program has been created, which assists credit union members and staff better prepare for retirement. 
  • Life Simulations. Also known as Poverty Simulations, this experience is designed to help credit union employees, volunteers, and leaders begin to understand what it might be like to live in a typical low-income family trying to survive from month the month. 

Eligibility Requirements

Eligible applicants include credit unions, CUSO’s, state credit union associations, state credit union foundations, any other organization owned or controlled by credit unions, and other nonprofits. 

Grant Timeline

Applications will be reviewed by the Foundations’ Grant Committee from July 15 – Sept. 1, 2015, and grant contracts will be signed and disbursed to successful applicants on or around Oct. 1, 2015.  The grant timeline will be for 12 months beginning from the date of the contract. 

Questions about experiential learning programs or the grant process can be directed to Lois Kitsch at 407-616-2409 or lkitsch@ncuf.coop