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."
July 30, 2013
Albany, N.Y. – The New York Credit Union Foundation (NYCUF) recently partnered with Cornell Cooperative Extension to train New York teachers and community volunteers on the National Endowment for Financial Education's (NEFE) High School Financial Planning Program (HSFPP). The organizations hosted training sessions July 18 at The Summit FCU in Rochester, N.Y., and July 23 at Teachers FCU in Hauppauge, N.Y.
Nearly 30 educators and credit union professionals completed the daylong trainings, which prepared them to teach the award-winning, recently updated HSFPP curriculum to youth in their area schools and community groups. Cornell Cooperative Extension Trainer Barbara Henza reviewed each of the curriculum modules, which include: planning, borrowing, earning capability, investing, financial services and insurance. She also outlined the program resources available to educators, including: student guides, teacher lesson plans and a growing collection of online resources and learning activities.
"Attending this seminar was hugely helpful because the financial literacy curriculum provided through NEFE is excellent. It follows state and national education standards, but, more importantly, it is presented in a fun, logical and enjoyable way," said attendee Jackie Wiegand, marketing administrator at Compass FCU. "My plan is to share the seminar's resources with an area teacher and to use NEFE materials for credit union workshops and any guest presentations in our local schools."
The HSFPP curriculum is used by credit unions across the state, with many providing free curriculum materials to area schools and/or teaching the financial literacy workshops themselves. According to the Credit Union Association of New York, the state's credit unions educated more than 35,000 youth through financial literacy programs last year.
"Our Foundation's mission is 'fostering the financial independence of New Yorkers through credit unions,' and building youth financial literacy is a critical part of that," said Allison Barna, director of NYCUF/community development. "We are proud to partner with NEFE and Cornell Cooperative Extension to bring HSFPP resources to New York credit unions and educators."
For the past four years, NYCUF has partnered with Cornell Cooperative Extension to provide NEFE HSFPP trainings across the state. The organizations are planning to host another session this fall.