January 23, 2014

Albany, N.Y. - The New York Credit Union Foundation (NYCUF) provided New York credit unions and credit union professionals/volunteers with a total of $87,993 in grants last year. Grants were awarded in three categories: Smart Money, Financial Fitness and Professional Development.

“Thanks to the support of the New York credit union community, NYCUF was able to successfully provide grants for professional development, financial education initiatives, member service improvements and disaster relief,” said Vicki O’Neill, NYCUF chair and president/CEO of ACMG FCU.

Seven credit unions received Smart Money grants to provide financial education to members and/or consumers: Buffalo Metropolitan FCU, East River Development Alliance FCU, Gates Chili FCU, Hudson River Community CU, ServU FCU, Cooperative Federal CU (Syracuse) and UFirst FCU. A total of $10,941 was awarded.

Seventeen credit unions received Financial Fitness grants to enhance their operations and improve service to members: Allegany Community FCU, Chen-Del-O FCU, East River Development Alliance FCU, Fidelis FCU, Gates Chili FCU, Greece Community FCU, GRS FCU, IRS Buffalo FCU, LeRoy FCU, Lockport Schools FCU, Lower East Side People’s FCU, Palisades FCU, Sing Sing EFCU, Spencerport FCU, St. John’s Buffalo FCU, Tonawanda Community FCU and Western New York FCU. A total of $35,874 was awarded to the credit unions.

Seventy-two credit union employees and volunteer leaders received Professional Development grants to help fund their participation in industry training sessions and education events. A total of $39,178 was awarded.

NY Credit Union Foundation awards almost $88,000 in grants for 2013 (cont'd) NYCUF also provided $2,000 to assist with national credit union disaster relief after the Colorado flooding and Oklahoma tornadoes.

"We see the summary report in the form of numbers and dollars, but those numbers actually represent hundreds of lives that have been impacted in a positive way," said O'Neill. "That positive impact represents the best of what we collectively do to advance the ideals and goals of our movement."

December 9, 2013

Donation will fund statewide young professional initiatives for 2014

(Albany, N.Y.) – Young credit union professionals across New York will have access to networking resources, professional development opportunities and industry events in 2014, thanks to a generous donation from CUC Mortgage Corporation. The full-service mortgage corporation has donated $50,000 to the New York Credit Union Foundation to support initiatives that engage and empower young professionals/volunteers within the New York credit union community.

The initiatives are led by the Credit Union Association of New York's Young Professionals Commission, which was founded in 2010. Commission members (a group of 20 young professionals nominated by their credit unions and selected by the Association) host frequent regional networking/education sessions, publish a quarterly newsletter, maintain an active email network, Facebook community and website, and host special events at the Association's annual conventions and governmental affairs conferences. All Commission initiatives are open to credit union professionals/volunteers age 35 and younger, and industry veterans are often included to promote mentoring and cross-generational cooperation.

"CUC Mortgage is deeply invested in the credit union movement and in the success of the credit unions we serve. Cultivating and retaining future leaders is a goal all credit unions share, and the Foundation and Young Professionals Commission are making a real impact in that area," said CUC Mortgage COO Edward Kovalefsky. "Our donation is an investment in their continued success—and it's an investment that will benefit the entire credit union movement for years to come."

In 2010, CUC Mortgage donated $25,000 to the Foundation to help fund the launch of a statewide young professionals network.

"The Foundation is proud to support initiatives that strengthen our statewide network of young professionals and volunteers, and we wouldn't be able to do it without this generous funding from CUC Mortgage," said Allison Barna, VP of the Foundation. "Thanks to their donation, we can continue to engage and empower the next generation of credit union leaders."

CUC Mortgage, headquartered in Albany, N.Y., and licensed in New York, New Jersey, Connecticut, New Hampshire, Pennsylvania and Vermont, is a full-service mortgage corporation committed to serving credit unions in the greater Northeast. Every aspect of the organization's mortgage program, which promotes growth and increased revenue, is customized to meet the unique needs of credit unions and their members' dreams of home ownership. To learn more, visit www.cucmortgage.com.