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NCUA Low-Income Grants

March 1 deadline for Foundation CU Development and Chapter grants

Posted: Feb 9, 2021 | Author: Cornerstone League
Disaster Relief  Foundation  grants  SCMS 

Don’t miss your opportunity to apply for grants offered through the Cornerstone Foundation. True to its mission of “Empowering People to Improve Their Financial Well-Being,” the Foundation supports credit unions in three main areas:

  1. Credit Union Development
  2. Financial Capability
  3. Disaster Relief

Use the new online portal to apply for grants via the Foundation website.

Credit Union Development and Chapter Grant requests

  • Application deadline: March 1
  • Grants Committee meeting: March 10

Credit unions may apply annually for a Credit Union Development Grant, which includes but is not limited to one or more of the following requests:

  • Staff and volunteer training opportunities
  • Credit Union Development Educator Program (CUDE)
  • Planning sessions
  • Equipment for credit union branches and offices
  • Hardware and software upgrades
  • Digital banking
  • Hispanic outreach
  • Audits and assessments that are not required annually or biennially

“In 2020, a Credit Union Development grant allowed our credit union to purchase a much-needed new computer and monitor to help speed up the new account opening process,” said Donna Thomason, CEO/president of Arkansas Health Center Federal Credit Union. “Since we are operating at the drive-thru only, we strive to make sure that we are still providing our members with fast, efficient, and courteous service while keeping our members and staff safe by maintaining COVID-19 guidelines and social distancing.”

Chapters may apply annually for a Chapter Grant, which includes but is not limited to one or more of the following requests:

  • Speakers
  • Experiential learning programs for financial capability
  • Planning sessions
  • Community outreach programs

Southwest CUNA Management School scholarships

  • Application deadline for scholarships: April 30
  • First-, second-, and third-year students are eligible.

Financial Capability Grants

These grant requests are accepted year-round. Credit unions may apply annually for a Financial Capability grant, which includes but is not limited to one or more of the following requests:

  • Community financial capability outreach programs
  • Save To Win program
  • Financial education curriculum
  • Experiential learning programs for financial capability

Disaster Relief Grants

Phase I disaster relief grant requests are accepted year-round and are available to credit union staff and volunteers. Disasters are identified as fire, wind, hail, or flood damages to an individual’s primary home and contents and vehicle(s).

Questions?
Please contact Foundation Grants Manager Emily Moreno at emoreno@cornerstonefoundation.coop or 214-334-3397. 

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