May 30, 2013

Albany, N.Y. – The New York Credit Union Foundation (NYCUF) announced that it has awarded $55,824 in grants to New York credit unions and credit union professionals in the last grant cycle, which ran from January to May 2013. Grant categories included: Professional Development, Financial Fitness and Smart Money.

The Foundation awarded 45 Professional Development grants totaling $25,559 to employees and volunteers from 29 credit unions in New York State. Applications for Professional Development grants are accepted by NYCUF year-round on a rolling basis.

Twelve Financial Fitness grants totaling $23,374 were awarded to credit unions for funding member service initiatives like technology purchases/improvements, marketing initiatives and new product offerings.

Four Smart Money grants totaling $6,891 were awarded to credit unions for funding financial literacy workshops, events and summer programs.

"Every year, we are pleased to be able to help New York credit unions through our grant programs," said Allison Barna, director of NYCUF/Community Development. "These grant funds enable credit unions to invest in technology enhancements, marketing initiatives and educational opportunities that benefit their members and their communities."

All federal and state-chartered credit unions located in New York State are eligible to apply for NYCUF grants. Applicants must demonstrate financial need as a requirement for any program. In addition, Smart Money applicants must be able to define anticipated program outcomes. The total amount of a grant award will vary for members and non-members of the Credit Union Association of New York.

For more information about NYCUF's grant programs, visit the NYCUF website.