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Cornerstone CU Foundation Awards $353,407 in Grants in 2017
Wednesday, December 20, 2017 7:00 AM

As 2017 comes to a close, the Cornerstone Credit Union Foundation announced that a total of 230 grants in the sum of $353,407 were awarded to support initiatives for credit union and chapter development and financial capability. Among those 230 grants, more than 80 credit unions under $50 million in assets received assistance. 

Throughout the year, the most requested level of grants was for professional development of credit union staff and volunteers. A close second addressed the ongoing need for operational, regulatory compliance, and financial audits, which continues to be crucial. Equally important, grant assistance for software and hardware conversions tend to rank high. Staying up to date on technology creates a competitive advantage for credit unions in the marketplace.   

The Foundation embraces the credit union philosophy, “People Helping People,” with a special emphasis on financial capability and overall financial well-being. Eight grants were awarded to either enhance or create a credit union financial capability program.

“In 2018, we look forward to expanding our focus on overall financial well-being and fully expect an increase in credit unions of all sizes taking advantage of our financial capability grants,” states Emily Moreno, Foundation grants manager. “We strive to be seen as that trusted partner in a credit union’s efforts to educate and empower their members.”

Additional grant requests include, but are not limited to, Hispanic outreach, planning sessions, EMV conversions, websites, online banking, etc.

In an effort to make the most impact for credit unions while also honoring donors’ dollars to every extent possible, the Foundation will be making positive changes to their 2018 grants program.

Please visit the website, www.cscuf.coop for more details. For questions or additional information, contact Emily Moreno at emoreno@cscuf.coop or 469-385-6483.